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...
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...
Most activist letters and proxy documents contain heavy arguments about the management and the Board. These arguments range from capital allocation to poison pill.
Many fund managers evaluate a stock when it gets hit by some “headline” issues like fraud, investigation etc. The crux of the research is to figure out whether the “headline problem” is repairable or not.
Ryan Drexler of Consac, LLC: A micro cap activist investor with rich operational experience in the health and wellness industry
Ryan Drexler, a micro cap activist investor, is currently the CEO of musclepharm. His prior activist target include Vistacost.
How to spot potential merger by reading activist investor’s settlement agreement [ Settlement agreement research series #1 ]
In order to avoid a costly proxy fight, the company enters into a “settlement agreement” with the activist. Typically, these agreements are filled with legal terms and buried inside the SEC filings. If you pay close attention to the settlement terms, you may discover few interesting scenarios.
In today’s series, we will review three companies: i) Clearone Incorporated ii) KMG Chemicals, Inc. and iii) Lannett Company, Inc….
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.
Nobility Homes: A case study of a micro cap company which hasn’t hiked its CEO’s base salary for 20 years!
Nobility Homes is an unknown micro cap company based out of Florida. The company designs, manufactures and sells a broad line of manufactured and modular homes through its own retail sales centers throughout Florida…..
If I were to choose one topic that makes a profound impact on way I look at stocks, it would be “Competitive Advantage”. In this series, you will be presented with a list of a few companies which show “signs” of competitive advantage.
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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