Murray Stahl (Trades, Portfolio), chairman of Horizon Asset Management Inc., takes a value approach to investing, a strategy that has produced double-digit returns for Horizon's investors. In the third quarter, though, Stahl's largest deals were reductions of his existing stakes.
Stahl’s most noteworthy reduction of the third quarter was his sale of 3,120,268 shares of Jarden Corp. (NYSE:JAH), a Boca Raton, Fla.-based provider of a range of consumer goods, for the average price of $52.9 per share. The transaction had a -2.33% impact on Stahl’s portfolio and reduced his stake in the company by more than 44%. Continue Reading »