JCP Investments Still Trying To Take Out The Casella Waste Systems Inc. (CWST)

JCP Investments Still Trying To Take Out The Casella Waste Systems Inc. (CWST) by Stock Pucker

JCP Investment is taking Casella Waste to task again, putting out a letter and presentation. A name we covered in April as part of Activist Strategy – Jim Pappas andJCP usually do good work. Don’t forget – sign up for our free daily newsletter to stay in the activist investing know.

Learn More about the premium daily

Here’s the jist –  the fund owns 5.7%. They’ve tried working with the board to no avail. The company has been working against JCP. Casella has underperformed for over a decade given the family-entrenched management team and supervoting Class B shares. There’s been various related party transactions and possible under the table dealings. The fix is new management and governance overhaul. JCP has nominated board members and looks to wage a proxy battle.

Notes From Schwarzman, Sternlicht, Robert Smith, Mary Callahan Erdoes, Joseph Tsai And Much More From The 2020 Delivering Alpha Conference

Stephen SchwarzmanThe following are rough notes of Stephen Schwarzman, Steve Mnuchin, and Barry Sternlicht's interview from our coverage of the 2020 CNBC Institutional Investor Delivering Alpha Conference. We are posting much more over the next few hours stay tuned. Q2 2020 hedge fund letters, conferences and more One of the most influential investor conferences every year, Read More

Casella puts out a detailed letter [here], as well as presentation [here].