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Activist Investor TPG Writes a Second Letter to Sandridge Demanding Action
Posted by: CanadianValue (IP Logged)
Date: November 30, 2012 07:18PM
I like following these activist cases not only because there is often a chance to arbitrage a profit from a forced sale, but also because it provides some excellent insight into how the better investors think about valuation.
TPG is back after Tom Ward and Sandridge today with the letter below. It is very interesting to note that Fairfax's Prem Watsa recently bought more shares of Sandridge and was rather complimentary of CEO Tom Ward:
Tpgsandridge Ds 11-30-2012 Final Letter
Stocks Discussed: SD,
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