Activist Stocks: Rosetta Stone, Vail Resorts, Australian Markets

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Activist Stocks: Rosetta Stone, Vail Resorts, Australian Markets

Activist investing bobbleheads, the Monday struggle is real. The measly news and stories offered below for April 20. Not that the stories are measly, just our offering. Soliciting tips via the Twitter @activiststocks, sign up for the free daily activist email, and ICYMI the latest newsletter is here.

Play Quizzes 4

News:

  • After nearly a year battle, David Nierenberg finally has a seat at the Rosetta Stone table. His Nierenberg Investment Management has been active at Rosetta since mid-2014. He’s so jacked about this opportunity, he penned a letter about all the things he’s going to be doing with the board. Trips to Vegas, midget tossing competitions at Mike Tyson’s house, oh and he also notes, “the faster we move RIGHT and TIGHT, grounded on analytical INSIGHT, the happier our stakeholders will be” [all of Nierenberg’s plans]

Stories:

This Fund Manager Correctly Warned Of Stocks Becoming Correlated With Bonds

Getty Images OatlyClint Carlson's Double Black Diamond Fund returned 3.94% for April, bringing its year-to-date return to 5.27%. All of the fund's business units were in the green for April except its event-driven strategy, which declined nine basis points. Year to date, all units except for the event-driven strategy are in the green, with the event-driven book Read More

  • Friday we talked about the @lizrhoffman at the WSJ piece, where a Vail Resorts’ board was forced out for having a connection to the activist firm Land & Buildings [link to that] Well now the board member has spoken out. He essentially picked MGM and L&B over Vail. Here’s the key takeaway, “Mr. Kincaid said he is selective when signing onto activist campaigns and looked closely at Mr. Litt’s plan for MGM to separate its casino properties into a real-estate investment trust [link]
  • @PDGarvey at The Australian notes that “the Australian stock market is ripe for the rise of activist hedge funds.” The key takeaway is his (or rather Credit Suisse’s) targets for activist funds, outlined below and without comment [link]

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