July 29, 2013
14:59 EDT CF Third Point takes position in CF Industries
Third Point has taken a position in CF Industries, according to a letter the fund sent to its investors. In the letter, Dan Loeb's Third Point say CF currently trades at "an unwarranted discount to fertilizer and commodity chemical peers." Third Point recommends in the letter that CF pay a "much larger" dividend. Shares of CF are up 4.6% to $189.00 following circulation of Third Point's letter.
The people at CNBC who promoted this story yesterday and obviously made Dan Loeb a boatload of money and screwed all the little guys who jumped on the bandwagon while Loeb was probably jumping off with their money should all be arrested! CNBC keeps promoting the positions of these mega-rich hedge fund players like Loeb and Icahn and Ackman and many others, making them richer and richer. It is truly disgusting. I have no position in CF