Long thesis on Morgans Hotel Group Co. (MHGC).
The assets that Morgans Hotel Group currently own are worth around $22.15 per share:
Seth Klarman's Baupost is one of the largest hedge funds in the world, and it utilizes a long-only, value-focused investment process. However, some well-known names have suggested that value investing is dead, so where does that leave Baupost and other highly reputable value investors? Klarman had some insight in his year-end letter for 2021. Q4 Read More