Elliott Management Presentation On Juniper

Elliott Management – holder of 6.2% of Juniper’s common stock – welcomes the opportunity to present its viewpoints to Juniper’s board and management on the best way to deliver significant value to shareholders.

Today, Juniper’s new CEO and board face a vastly different set of challenges in a larger and more complex company:

Juniper’s stock has severely and consistently underperformed the market and its peer group by any objective measure and over any relevant time period

Voss Capital is betting on a housing market boom

Housing MarketThe Voss Value Fund was up 4.09% net for the second quarter, while the Voss Value Offshore Fund was up 3.93%. The Russell 2000 returned 25.42%, the Russell 2000 Value returned 18.24%, and the S&P 500 gained 20.54%. In July, the funds did much better with a return of 15.25% for the Voss Value Fund Read More

This underperformance has been driven by the Company’s 1) outsized cost structure, 2) inefficient capital structure, 3) poor M&A track record and 4) execution issues caused by unsuccessful extensions into security and enterprise switching

As a result of this underperformance, Juniper’s shareholders an d the investment community at large are significantly frustrated

Full PDF for download and in scribd below


Juniper January