Does anyone know why this company would have been accumulating MPO for most of this year. I did Google them and found out that
"Baker Street Capital Management, LLC is a Los Angeles-based investment adviser with a focused approach to fundamental investing in undervalued securities modeled on the early partnerships managed by Warren Buffett."
So are they just pursuing this as an investment on behalf of their clients at large as it is undervalued or is their some other reason?
Obviously they weren't put off by recent announcements by MPO as they were still buying yesterday, supposedly 405,154 shares at 21c. Trading according to Commsec only shows 4600 shares traded at 21c yesterday so they must have got them some other way. If they had bought at market they could have easily bought at 20.5c. They also couldn't have bought 224,420 at market on 1/10, so, without checking other entries, I presume a lot of their buying is off market, which I would have presumed should be reported somewhere.
MPO Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
