Starboard Value Newest Target Marvell Technology Group Ltd. (MRVL)

Starboard Value has a 6.7% stake in Marvell Technology (MRVL), looking to help the company navigate its recent accounting scandal. The stock is down 40% on the year.

The company is undergoing an accounting review, with inquiries from US officials. It’s also trying to exit the mobile chip business and focus on storage devices, very promising.

Starboard will have a good, and perhaps easy, time taking the husband and wife co-founders, who serve as CEO/Chairman and President, to task.

Seth Klarman: Investors Can No Longer Rely On Mean Reversion

Volatility"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More

In all likelihood, Starboard will eventually push for a takeover of MRVL.

Starboard Value Newest Target Marvell Technology Group Ltd. (MRVL) by Activist Stocks

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