Mitsui Matsushima became the target of activist Murakami-san for reasons unknown. I have speculated in the past. The company bought back shares. Float is low. Shorts are decent. Stock is dirt cheap.
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Boomeranged on Wed, 8 Jan 2025 10:07
Mitsui Matsushima was sold down. Seemed like one large quant fund selling, more shorting. The ramp since mid-Dec24 has been impressive. Nearly 40%. Murakami Group yesterday reported a 1.63% increase in stake as of 24-Dec-24 at 0.6x book. This puts them at 28.63% but at 31.85% of voting rights. I expect they bought more. TOB rule limits are shares, not voting rights. Big dips are worth buying.
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