Loeb's Latest 13D Has a Little Syrup on It - Raises IHOP (IHP) Stake to 7%

In a 13D filing on IHOP Corp. (NYSE: IHP), Dan Loeb's Third Point LLC disclosed a 7% stake (1.25 million shares). This is up from the 850,000 share stake the firm disclosed for the quarter ended December 31, 2006.

In a pretty standard disclosure the firm said they presently do not have any plans or proposals that relate to or would result in any of the actions required to be described in Item 4 of Schedule 13D. The firm said it may review or reconsider its position with respect to the Company and formulate plans or proposals with respect to any of such matters.

Loeb is known for his aggressive activism with many of his investments.