Equitable Financial Corp: Is slapping shareholders with “voluntarily delisting” a new way to frustrate an activist shareholder?
| Shareholder Activism When faced with an activist shareholder, companies typically adopt a shareholders rights plan or amend the by-law to make it hard for an activist. Some companies go to a greater extent to hurt not only the activist but all the other...
Agilysys: Significant achievements by the new management team + signs of moat + long term shareholder representation
Activism | Management | Price Crash | Audit Member Login Snowball research notes Agilysys: Significant achievements by the new management team + signs of moat + long term shareholder representation What is interesting? 1. Sign of moat: Recurring revenue, recent...
Most activist letters and proxy documents contain heavy arguments about the management and the Board. These arguments range from capital allocation to poison pill.
I’ve compiled the list of “interesting” excerpts from his letters. Also, the complete letters can be found in the “exhibits” section. The purpose of reading this? Readers can use it for “idea generation” and to improve their research skills.
Our objective is to deliver “hard to find information” to our members, which will give them a “competitive edge” and reduce “search cost” of finding mispriced securities.
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