David Winters Requests William H. McMunn to Resign from Consolidated Tomoka Land

David Winters’ Wintergreen Advisers filed SEC 13D on November 29th to notify Consolidated Tomoka Land Co (CTO) of its intent at the issuer’s 2012 annual meeting. The firm is “requesting the resignation of Issuer director William H. McMunn and requesting that Issuer adopt a policy that no individual may be nominated or continue to serve as director of Issuer who has materially violated any applicable law or rule in relation to his or her duties at the Issuer.” Wintergreen Advisers has 1.54 million shares in CTO, and makes no change to its position after the second quarter. CTO is now trading at $26.39, losing 9% in 2011.

David Winters

In the second quarter, five hedge funds were bullish about CTO in our tracking list. Beside David Winters’ Wintergreen Advisors, Martin Whitman’s Third Avenue Management had 524 thousand shares; Clint Carlson’s Carlson Capital had 100 thousand shares; Chuck Royce’s Royce & Associates had 72 thousand shares.

David Winters’ Wintergreen Advisors is a New Jersey-based investment firm. It focuses on value investing globally. The firm was founded by David Winters in May 2005. Mr. Winters served in various positions in Franklin Mutual Advisors. Mr. Winters graduate from Cornell University and is a chartered financial analyst charter holder. As of July 2011, Wintergreen Advisors had a portfolio value of $554 million, mainly investing in Financial, Consumer Goods, Basic Materials, Services, and Technology sector.

Consolidated Tomoka Land Co. is a real estate development company. According to Yahoo! Finance, the company engages in real estate, income properties, and golf operations. Consolidated Tomoka Land Co. operates its subsidiaries with various income properties located in Florida, Georgia, and North Carolina. The company was founded in 1902 and is headquartered in Daytona Beach, Florida.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!