A vocal investor in Yahoo Inc (YHOO.O) and Viacom Inc (VIAB.O) is calling for the boards of both companies to seek outside investments from strategic partners in the vein of legendary investor Warren Buffett to help boost the value of their stocks.
In an article reviewed by Reuters that is to be published on the Internet on Thursday Authentic Tracy Mcgrady Jersey , New York-based SpringOwl Asset Management managing director Eric Jackson said Yahoo and Viacom would benefit from outside investment, and pointed to Goldman Sachs Group Inc's (GS.N) weathering the financial crisis after taking on a $5 billion investment from Warren Buffett in 2008.
SpringOwl holds undisclosed stakes in Yahoo and Viacom.
"Although some shareholders of both Yahoo and Viacom think that a simple sale or break-up of both companies is the best way to create value for shareholders, we believe that both companies could benefit from their own version of the "Buffett Convert," Jackson said.
Jackson said that while the stakes of investors would be diluted if an outside investor stepped in, "they would still be better off because their shares would likely get re-rated upwards substantially with this new partner sitting around the board table."
Yahoo and Viacom declined to comment.
Both Yahoo and Viacom have become targets of activist shareholders.
Yahoo has been under pressure to separate its Asian assets and auction off its core business. Its shares have fallen about 40 percent over the last year.
Viacom is the subject of a lawsuit claiming that its executive chairman, Sumner Redstone, is incapacitated.
According to Jackson, Yahoo should turn to Liberty Media Corp (LMCA.O), whose chairman John Malone is a whiz at finding tax efficiencies, or telecommunications companies Verizon (VZ.N) or AT&T (T.N), which could also bring traffic to Yahoo's properties.
For Viacom, it could benefit from investment and insight from China's Alibaba (BABA.N), Amazon (AMZN.O) or AMC Entertainment holdings, he said. Jackson has previously suggested that Viacom consider a merger with AMC.
Jackson added that Paramount, the movie studio owned by Viacom, could become more valuable to investors if Amazon, Alibaba, Apple or Google invested.
Approximately two hours from Cape Town, visitors will find Hermanus. This quaint destination spot, located near the most southerly point on the continent, is considered to be a major tourist location due to the fact that it perhaps the best place in the entire world for whale watching. In particular, Hermanus is known for being an excellent location catch sight of the Southern Right Whale. When planning a visit for whale watching, keep in mind that peak times to catch sight of these beautiful sea creatures is from August to November. By December, whale watching opportunities usually begin to taper off. The cliff path that stretches the length of Hermanus offers the perfect opportunity for daily sightings during this time period.
Along the 12 km long cliff path, whale watchers will have plenty of opportunity to see these gentle giants close up in the breakers as well as the coves which are situated just below the path. In addition, there are numerous telescopes conveniently situated near the Old Harbour Museum; providing even more opportunities to catch sight of whales as dolphins at close range. The only Whale Crier in the entire world makes his rounds in Hermanus each and every day to inform visitors about the best sights to view whales.
There are actually several excellent spots in Hermanus for whale watching including De Kelders, Kleinmond and Betty's Bay. De Hoop Nature Reserve is one of the favorite calving spots for the whales and as a result, the largest population of whales is frequently located there.
The most frequently spotted whales near the coastal areas are the Southern Right whales. These whales have been protected since 1935. These whales can be distinguished from other types of whales by their blow, which is v-shaped. Generally, the Southern Right whales begin arriving in the local area in the month of May so they can calve in the shallow waters. Byrde's whales; however, make their home year around.
While Hermanus has become a major tourist destination in recent years, it has still managed to retain the atmosphere of a small fishing village. In addition to excellent accommodation options, visitors will also find a number of events and festivals throughout the year which keep the town busy.
Certainly whale watching is the most popular attraction in Hermanus; however, there are also plenty of other activities and attractions including a tour that will take you through the township as well as wine-tasting, sea-kayaking and even the chance to cage dive with great white sharks on Dyer Island, which is located nearby.
In addition, the Village Square Shopping Centre provides plenty of opportunity to shop, meet for a drink or enjoy a wonderful gourmet meal at one of the restaurants located in the piazza. Many of the local events and festivals are also staged here, including the Music Festival as well as the Whale Festival.
From whale watching to shopping and dining, Hermanus offers plenty activities and attractions for visitors interested in soaking up the local beauty.
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