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Starboard Value Takes $200M Slice Of Papa John's
Monday, February 4, 2019 - 8:44am | 424Read More...Activist investor Jeffrey Smith and his fund Starboard Value has taken a stake in troubled pizza chain Papa John's Int'l, Inc. (NASDAQ: PZZA). What Happened Papa John's founder John Schnatter resigned as chairman in mid-2018 after stepping down as CEO in reaction to reports he used...
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Dollar Tree Rallies As Activist Investor Starboard Pushes For Big Changes
Monday, January 7, 2019 - 12:15pm | 427Read More...Shares of discount retailer Dollar Tree, Inc. (NASDAQ: DLTR) rose Monday following the news of involvement of activist investor Starboard Value. What Happened In order to unlock value, Dollar Tree has to explore strategic opportunities for its underperforming Family Dollar business and test...
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One Year Later: A Look At The 2016 Ira Sohn Conference Picks
Monday, May 8, 2017 - 8:57am | 619Read More...The Sohn's Investment Conference brings together some of Wall Street's most notable hedge fund titans in support of a good cause. The event has raised more than $75 million globally over 20 years to fight pediatric cancer and other childhood diseases. As part of the event, hedge fund titans...
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Hedge Funds Issue Open Letters
Tuesday, September 13, 2016 - 8:55am | 608Read More...Monday was a busy day for the hedge fund sector as several notable firms issued public letters. Corvex Management To Williams' New Board Members Keith Meister's Corvex Management is one of the largest shareholders of Williams Companies Inc (NYSE: WMB). On Monday, the fund wrote a letter to Stephen...
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Argus Says Advance Auto Parts' New CEO Is 'The Right Executive For The Job'
Wednesday, August 31, 2016 - 10:57am | 356Read More...Argus is positive on Advance Auto Parts, Inc. (NYSE: AAP)'s hiring of Tom Greco as CEO, as it thinks he "is the right executive for the job." The brokerage's analysts commented, "[H]e will deliver operating improvements that will be a catalyst for the shares." Argus maintains its Buy rating and $...
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Things Deteriorated Quickly At Yahoo! Following Marissa Mayer's Secret 2015 Truce With Investor
Friday, June 17, 2016 - 1:29pm | 390Read More...According to more than two dozen investors and current and former Yahoo! Inc. (NASDAQ: YHOO) employees, things started to quickly unravel for the company after CEO Marissa Mayer failed to keep her secret 2015 pledge to investors to limit the company’s spending. The Wall Street Journal’s...
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Verizon 'Just Got One Step Closer' To Acquiring Yahoo's Assets
Thursday, April 28, 2016 - 9:36am | 258Read More...The New York Post reported Wednesday evening that Verizon Communications Inc. (NYSE: VZ) is "one step closer" to acquiring Yahoo! Inc. (NASDAQ: YHOO)'s Internet properties. The New York Post, citing its sources, noted that Yahoo's recent agreement with activist investor and major shareholder...
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Bloomberg's Tom Giles Says Yahoo's Agreement With Activist Investor 'Buys Time' For Marissa Mayer
Wednesday, April 27, 2016 - 12:40pm | 260Read More...Shares of Yahoo! Inc. (NASDAQ: YHOO) were trading lower by more than 1 percent on Wednesday after the company reached an agreement with activist investor and major shareholder Starboard Value. CNBC's Jim Cramer said that the agreement is a positive, and Yahoo's business will no longer be in "...
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Jim Cramer Suggests Yahoo No Longer In 'Disarray' After Reaching Agreement With Starboard
Wednesday, April 27, 2016 - 10:10am | 264Read More...Yahoo! Inc. (NASDAQ: YHOO) announced on Wednesday it has reached an agreement with activist investor and major shareholder Starboard Value. As part of the agreement, Yahoo will add four new independent members to its Board of Directors, including Jeff Smith, Starboard's CEO and Chief...
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Starboard Value Trims Its Stake In Darden Restaurants, Notes 'Significant Appreciation' In The Stock
Tuesday, January 12, 2016 - 9:35am | 165Read More...Activist investor Starboard Value disclosed in 13D filing on Tuesday that it trimmed its stake in Darden Restaurants, Inc. (NYSE: DRI) to 10.355 million shares from a prior 11.6 million share position. Starboard Value now controls around 8.1 percent of the company, a decrease from the 9.1...
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Activist: Macy's Real Estate Worth $21 Billion, Operating Business Trading At 'Negative Value'
Monday, January 11, 2016 - 10:47am | 293Read More...Shares of Macy's, Inc. (NYSE: M) were trading higher by more than 4 percent on Monday after Starboard Value, an activist investment firm and Macy's shareholder delivered a letter to the company. Jeffrey Smith, Starboard Value's Managing Member, wrote in the letter that the investment firm remains "...
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Keep An Eye On Mario Gabelli's Latest Small-Cap Moves
Friday, July 31, 2015 - 2:11pm | 291Read More...Mario Gabelli’s GAMCO Investors is one of the largest hedge funds in the world. With an equity portfolio worth more than $19 billion, the firm has managed to beat the S&P 500 for almost three decades now. This week, the fund disclosed three moves in small-cap companies that could...
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Lessons On Activist Investing From Starboard Value's Jeffrey Smith
Monday, May 11, 2015 - 12:18pm | 493Read More...There is a general Street perception that companies and managements fear activist investors or have a strong dislike toward the industry. However, according to Jeffrey Smith, founder CEO and CIO of Starboard Value LP, that's not always the case nor an accurate representation of the profession...
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Starboard's Jeffrey Smith Doesn't See Yahoo!-AOL Merger Making Sense 'Right Now'
Tuesday, April 14, 2015 - 12:24pm | 538Read More...Activist hedge fund Starboard Value LP publicly urged Yahoo! Inc. (NASDAQ: YHOO) last September to merge its core business with AOL, Inc. (NYSE: AOL), something that it reiterated in January this year. However, the hedge fund isn't pressing for that merger anymore, even though it is engaged...
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Delectable Relationship: Starboard Value's Intervention In Darden Restaurants 'Has Been Incredible'
Tuesday, April 14, 2015 - 12:06pm | 433Read More...Shares of Darden Restaurants, Inc. (NYSE: DRI) are up more than 40 percent since October 2014, when the company's shareholders voted in favor of replacing the entire board with directors nominated by the hedge fund Starboard Value LP. Jeffrey Smith, Starboard Value founder, was on CNBC...
