Monday, March 3, 2014

Stock DD Cites: Bruce Berkowitz Open Letter to Fannie Mae Board, Blue Mountain's Open letter to Taro shareholders


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My 2 stocks where activism and governance is at play. I like the deep value in both.

Berkowitz Letter to Fannie Mae Board 

-> Berkowitz questioning the so called net sweep of profits to Treasury and the legality of the Aug 2012 amendment   http://online.wsj.com/public/resources/documents/fanfredletter2030214.pdf

Iszo and Blue Mountain letter to Taro's Board before the March 27th Crucial Proxy Vote for the 2 Independent Director positions


Bluemountain questioning the track record of the 2 incumbent "independent" dirs to protect independent shareholders and the validity of their nominations for the upcoming 3 year term.
-> http://finance.yahoo.com/news/bluemountain-capital-management-iszo-capital-000400436.html
-> http://www.sec.gov/Archives/edgar/data/906338/000115752314001017/position_statement.pdf

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