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List of activist investments for November
The Official Activist Investing Blog published its list of activist investments for November (My apologies. I’m a little tardy with it): Ticker Company Investor ADPT Adaptec. Inc. Steel Partners AEPI...
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Guest post update: Farukh Farooqi, Marquis Research on Silicon Storage...
Farukh Farooqi, a long-time supporter of Greenbackd and the founder of Marquis Research, a special situations research and advisory firm (for more on Farukh and his methodology, see The Deal in the...
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Activist investing in Japan
Central to the discussion of sub-liquidation value investing in Japan is the ability or willingness of shareholders to influence management, and management’s willingness to listen. As Ben Graham noted...
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Endangered Species 2001
In the Spring 1999 Piper Jaffray produced a research report called Wall Street’s Endangered Species by Daniel J. Donoghue, Michael R. Murphy and Mark Buckley, then at Piper Jaffray and now at Discovery...
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Icahn in energy
Carl Icahn has plowed $1 billion into energy stocks over the last 6 months according to his latest SEC filing. Says The NYTimes Dealbook column: Yet speculation is rife given the activist investor’s...
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Guest post: Voting Power in the Activist’s Hands
Travis Dirks has provided a guest post on the voting power of differently sized shareholdings, which has important implications for activist investors seeking to impose their influence on a management....
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Icahn sets deadline for Commercial Metals Company (NYSE:CMC); Bids $15 per share
Update: Icahn drops the hammer From the press release: ICAHN ENTERPRISES LP FOR IMMEDIATE RELEASE ICAHN ENTERPRISES HOLDINGS LP TO MAKE TENDER OFFER FOR ALL OF THE OUTSTANDING SHARES OF COMMERCIAL...
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Value investing works, so why do value investors underperform? The evidence...
This week I’ve been taking a look at Aswath Damodaran’s paper “Value Investing: Investing for Grown Ups?” in which he asks, “If value investing works, why do value investors underperform?” Damodaran...
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Hunting Endangered Species: Investing in the Market for Corporate Control...
Embedded below is my Fall 2012 strategy paper, “Hunting Endangered Species: Investing in the Market for Corporate Control.” From the executive summary: The market for corporate control acts to catalyze...
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Active engagement with companies to improve governance and strategy...
New research co-authored by London Business School’s Elroy Dimson suggests that investors who actively engage with the companies they own to improve governance and strategy outperform more passive...
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