Third Avenue Management Buys Tanger, Hersha; Sells Tidewater, Cimarex

Third Avenue Management (TAM) adheres to a disciplined, fundamental value approach to investing. Its team of investment professionals utilizes an opportunistic investment process to analyze companies from the bottom-up with a focus on balance sheet analysis. The firm focuses on the associated risks and costs of each investment decision. It believes the cheaper you buy, the greater the potential investment reward and the less inherent risk. Read about Martin J Whitman, its founder, at the ValueWalk Resource Page here. For the third quarter, TAM’s 13F Filing reveals that the fund invested in 23 new stocks, added to its existing positions…