Jump to content

ABH - Horton hears a Who's who?


Evolveus
 Share

Recommended Posts

I noticed on NASDAQ.com 10 notable holders of ABH common stock:

 

Prem Watsa (2nd largest holding)

Francois Chou (largest holding)

Perry Corp

Daniel Loeb / Third Point

Leon Cooperman

Third Avenue Value

Paulson & Co.

Markel

Michael F. Price

Steelhead Partners

 

Below is a link to Third Point Capital's quarterly letter. Loeb makes his case for paper companies starting around the bottom of page 2. Pretty interesting read.

 

I have not done any work yet on ABH but seeing this many smart people on a post-bankruptcy re-org makes me curious. Does anyone on the boards have any insight into this company?  Recent headlines show a c$300 asset sale to shore up the balance sheet and add liquidity. I also see new management coming on board.

 

Thoughts?

 

http://plasmon.rghost.net/download/4272822/f37b33dd24dc328ae70b0a71b16178de31e0fd71/Third-Point-Q4-2010.pdf

Link to comment
Share on other sites

Fairfax was the Debtor in Possession for the bankruptcy.  Chou participated via Fairfax's restructuring.  Its not a value play now. 

 

Markel are friendly with FFH.  I dont know about the rest.  Probably watched the proceedings and asked to participate in the recap. with FFH.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...