Activist Stocks: DuPont, Medifast, SanDisk, IBM

Activist groupies, it’s a lite/quiet Easter Monday. The hungover news and stories below. Send tips to @activiststocks, sign up for our daily newsletter, and ICYMI the latest newsletter, it’s here.

News:

  • DuPont has come out and said that fighting Trian and Nelson Peltz would cost $4B and hamper research capabilities.
  • Medifast decided to overhaul its board, removing 2/3rds its board members, at the behest of Engaged Capital.
  • Bernstein has pegged SanDisk as an activist target. The idea being it has a “huge” cash balance, strong IP and a vastly undervalued business. There’s a number of companies that could be interested in buying the company.

Stories:

  • @rob_cyran from Reuters puts together a piece on DealBook, essentially rebuffing the idea that IBM might be the target of an activist investor. This comes as Big Blue has already sold off its most vulnerable divisions and slashed the majority of its costs. The answer for IBM is to simply up its R&D spending [link]

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)



About the Author

Guest Post
If you are interested in contributing to ValueWalk on a regular or one time basis - email us at info(at)valuewalk.com

Be the first to comment on "Activist Stocks: DuPont, Medifast, SanDisk, IBM"

Leave a comment

Your email address will not be published.