Dan Loeb Has Become a Buyer

The activist investor hinted at his next possible target in his third-quarter letter.

Dan Loeb (David Paul Morris/Bloomberg)

Dan Loeb

(David Paul Morris/Bloomberg)

Dan Loeb has turned upbeat about the stock market — and he’s also hinting at his next possible activist target.

In his third-quarter letter, made public Tuesday, the head of Third Point told clients that he’s seeing “very attractive valuations, particularly assuming an economic scenario short of financial Armageddon.”

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