WSJ: CIO Bill Smead on ValueAct and AXP

ValueAct Capital Takes $1 Billion Stake in American Express

By Robin Sidel and Liz Hoffman

For more information go to www.wsj.com.

The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results. The securities identified and described in this article do not represent all of the securities purchased or recommended for our clients. It should not be assumed that investing in these securities was or will be profitable. A list of all recommendations made by Smead Capital Management with in the past twelve month period is available upon request.

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