26 Jun 2017 Market-beating investor Dan Loeb trumpets 'rare' opportunity in Nestle, his biggest bet yet ( Portfolio )

"Third Point invested in Nestlé because we recognized a familiar set of conditions that make it ripe for improvement and change: a conglomerate with unrealized potential for margin improvement and innovation in its core businesses, an unoptimized balance sheet, a number of non-core assets, and a recent history of meaningful under-performance versus peers," Loeb wrote in the note to clients. "It is rare to find a business of Nestlé's quality with so many avenues for improvement."