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
Alluvial Fund performance update for the month ended May 2021. Q1 2021 hedge fund letters, conferences and more Dear Partners and Colleagues, Alluvial Fund, LP returned 5.4% in May, compared to 0.2% for the Russell 2000 and 1.0% for the MSCI World Small+MicroCap . . . SORRY! This content is exclusively for paying members. SIGN UP 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
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