Tribune Publishing Creates Team to Review Alden’s Buyout Offer (The Wall Street Journal)
Tribune Publishing Co. said it appointed a special committee to review a buyout bid proposed by its largest shareholder, New York hedge fund Alden Global Capital LLC. Alden, which already owns a 32% stake, said Thursday it was interested in acquiring the rest of the publishing company for $14.25 a share, valuing Tribune at $521 million. The Wall Street Journal first reported Alden’s plans late Wednesday. The offer drove Tribune’s stock up 7.1% on Thursday to $13.70.
GAN Stock Among Hedge Fund Manager Niles Top 5 Picks for 2021 (Casino.org)
Recently resurgent GAN Ltd. (NASDAQ:GAN) is getting more fuel for its rebound, as a well-known hedge fund manager named the gaming technology provider as one of his top five ideas for 2021. Dan Niles, a founding partner at AlphaOne Capital Partners, is bullish on UK-based GAN for the new year despite some struggles for shares of the newly public company. GAN went public in early May, one of a slew of gaming companies to debut as listed entities this year. But over the past six months, the stock is lower by 26 percent. Still, the hedge fund manager likes the set up on the name entering 2021.
There’s Reason to Be Hopeful About Intel Stock in 2021. Here’s Why. (Barron’s)
After a tough year, Intel executives received one last 2020 surprise. It came in the form of a sharply worded letter this past week from activist investor Daniel Loeb. Loeb, CEO of hedge fund Third Point, laid out the need for change at the once pioneering chip maker. And he encapsulated the question many on Wall Street and in Silicon Valley have been asking for more than a year now: How did once-dominant Intel (ticker: INTC) so clearly lose its way?
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Janet Yellen has Made at Least $7m from Speaking Fees, Records Show (The Guardian)
The incoming US Treasury secretary, Janet Yellen, has been paid at least $7m (£5.1m) for speaking engagements at government-regulated banks, consultancies and hedge funds over the past two years, according to newly disclosed documents. The former Federal Reserve chair disclosed a list of more than 50 paid speaking events for financial firms that included $67,500 from Goldman Sachs, $54,000 from an event at Barclays and $292,500 from a single speech for hedge fund Citadel.
Billionaire ‘Bond King’ Jeff Gundlach Said Stocks will Crash, Predicted a Weaker Dollar, and Questioned Bitcoin in a Recent Interview. Here are the 10 Best Quotes (Business Insider)
Jeff Gundlach, the billionaire investor known as the “Bond King,” predicted in a RealVision interview in October that stocks would crash in less than 18 months. The DoubleLine Capital CEO also said the US dollar would dive in the long run, argued that tech stocks like Apple and Amazon were the only US equities worth owning, and questioned bitcoin, welfare, and Chipotle’s valuation. Here are Gundlach’s 10 best quotes from the discussion.
PTC Therapeutics Inc (PTCT) CEO Stuart Walter Peltz Sold $17.6 million of Shares (Guru Focus)
CEO of Ptc Therapeutics Inc, Stuart Walter Peltz, sold 285,718 shares of PTCT on 12/30/2020 at an average price of $61.74 a share. The total sale was $17.6 million. PTC Therapeutics Inc is a biopharmaceutical company. It is focused on the discovery and development of orally administered, proprietary small-molecule drugs that target post-transcriptional control processes.
The President & Chief Executive Officer of Alexco Resource (NYSE MKT: AXU) is Selling Shares (Analyst Ratings)
Today, the President & Chief Executive Officer of Alexco Resource (AXU), Clynton R Nauman, sold shares of AXU for $1.02M. In addition to Clynton R Nauman, 4 other AXU executives reported Sell trades in the last month. This is Nauman’s first transaction since reporting a Sell transaction on NG back in April 2020.
Letter: Money Makes the Crime Less Criminal for Some (Buffalo News)
So another politician has gotten a clean record, Chris Collins, insider trading, no problem his political clout helped. He can now do anything he wants, even run for office again. If he was a regular guy (we all know he’s not) he would have been tried and in jail for well over a year by now. But he was able to worm his way out of it and hold off going to jail. He even tried the I am old card, “I should not go to jail.”
Facebook Inc (FB) COB and CEO Mark Zuckerberg Sold $15.7 million of Shares (Guru Focus)
COB and CEO of Facebook Inc, Mark Zuckerberg, sold 56,250 shares of FB on 12/29/2020 at an average price of $278.36 a share. The total sale was $15.7 million. Facebook Inc is the world’s largest online social network. Its products are Facebook, Instagram, Messenger, WhatsApp, and Oculus. Its products enable people to connect and share through mobile devices and personal computers.
The Shareholder of Canadian Railway (NYSE: CNI) is Selling Shares (Analyst Ratings)
Today, the Shareholder of Canadian Railway (CNI), William Henry Gates, sold shares of CNI for $11.28M. The company has a one-year high of $112.97 and a one-year low of $65.13. Currently, Canadian Railway has an average volume of 559.27K. CNI’s market cap is $77.35 billion and the company has a P/E ratio of 30.20.
