This lecture includes the 2005 10-K of Lear Corp starting on page 15. Begin reading the 10-K to determine if this is a good business; the price at $33 offers value and what risks are there in this investment. The lecture is here at:
There are many philosophical question and lessons in the discussion of Lear and what happened in this investment.
Dan Loeb's Third Point returned 11% in its flagship Offshore Fund and 13.2% in its Ultra Fund for the first quarter. For April, the Offshore Fund was up 1.7%, while the Ultra Fund gained 2.3%. The S&P 500 was up 6.2% for the first quarter, while the MSCI World Index gained 5%. Q1 2021 hedge Read More