Paul Singer Loves Company Whose Product Is Exploding In People’s Pants

Somehow, this makes so much sense.

He just thinks it needs some fresh blood to leverage all of the publicity it’s getting lately.


"The recent issues surrounding the Galaxy Note 7, while unfortunate, do not diminish our view that Samsung Electronics is a leading global technology company with a world-class brand," Blake and Potter said.

"We believe that the company’s forthcoming new leadership can build on the company’s initial response to this situation by adopting best-in-class operational and corporate governance improvements."

As a sign of his commitment, rumor has it that Singer is sending a crate of free Galaxy Note7s to the Argentine government.

Hedge fund Elliott confident in Samsung ‘world-class brand’ [AFP via The Nation]