1. The Hedge Fund Manager Behind the Epic Olive Garden Presentation is Going after Macy's and the Stock Just Jumped

    The Hedge Fund Manager Behind the Epic Olive Garden Presentation is Going after Macy's and the Stock Just Jumped

    Starboard Value's Jeff Smith recommended Macy's at the CNBC/Institutional Investor's Delivering Alpha Conference at the Pierre Hotel in New York City. This is the first time the activist investor is disclosing the position. The stock jumped more than 4.8% after Smith announced the position. Smith thinks Macy's is undervalued. He pointed out that the retailer's stock currently trades around $66 per share. Smith thinks it's worth in excess of $125 per share...

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