Hard work pays dividends

Hard work pays dividends

Hard work pays dividends (via The Economist)

Sergio Marchionne, the chief executive of Fiat and Chrysler, did a hand-brake U-turn this week when he told reporters on October 30th that Chrysler’s IPO would go ahead, probably by the end of the year. The notion of floating Chrysler, in which Fiat…

GrizzlyRock: Long Thesis For This European Travel Company [Q1 Letter]

TravelGrizzlyRock Value Partners was up 16.6% for the first quarter, compared to the S&P 500's 5.77% gain and the Russell 2000's 12.44% return. GrizzlyRock's long return was 22.3% gross, while its short return was -2.9% gross. Compared to the Russell 2000, the fund's long portfolio delivered alpha of 10.8%, while its short portfolio delivered alpha Read More


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