Scout Capital, who spoke at Grant's conference in the past, and who has talked so nicely about BAM, have cut their holdings by over a million shares in this reporting quarter.Third Ave reports today.Kaminsky team were net purchasers over the quarter. And if I am not mistaken, so was Murray Stahl, I think he is Horizon assets.Pass the Kool Aid please, made from fresh NOI and plenty of free cash flow (as long as you dont include interest expense and capex in the recipe).
>>Third Ave reports today.<<They reported today, and dropped 2% of their position. Some will argue just reallocation after great gains, others might debate that their research is becoming more refined for BAM.
Once again, an interesting question poses itself.Exactly which long term institutional holders were buying during the swan dive in share price in the belief BAM was a compelling buy this summer?Huffing, puffing and name calling aside, show me the money!