Thank you for your service on the Rave Restaurant Group (NASDAQ: RAVE) Board of Directors . I am writing this letter in hopes of starting a dialog that ...
Buffett has been taking it on the chin of late. First Wells Fargo, now DaVita Health. Is Apple next or will he be the savior activist investor Carl Icahn wasn't. For the last two years, Apple (NASDAQ: AAPL ) stock has been a so-so stock for many investors, underperforming the S&P 500 after years of outperformance ...
CMG misses on almost every data point yesterday. Guidance is the only thing that has prevented a full out stock crash, we believe. We're not sure guidance should be trusted, we think management has lack of visibility into the business. By Parke Shall While Chipotle's (NYSE: CMG ) quarterly earnings came out and disappointed many investors, the company offered guidance that was relatively optimistic sounding...
Mylan remains significantly undervalued. Post-DOJ settlement, the stock should be back near $50. Instead, it trades at $36 due to inefficient analysis of the company's situation by the market. We now believe long term 100% upside is possible given the company's reiteration of $6 EPS in 2018. By Parke Shall We honestly wouldn't be surprised if we saw somebody come in and make a bid for Mylan (NASDAQ: MYL ) at this stage in the game...
Enlight Research Summary Mylan's common stock has soared from $35.94 per share at closing on 10-7-2016 to $40.40 at the opening bell on 10-10-2016 following a $465 million settlement with the U.S. government. Although Mylan’s total returns were significantly above their peers’ returns from August 2013 until October 2015, Mylan’s performance has lagged behind that of its peers since May of 2016...
Summary Viacom appears to want a merger between it and CBS. A bigger company offers a bigger collection of platforms, and it may make the job of executives seeking overall shareholder value expansion easier. There are many risks to such a strategy: CBS is a different beast, the skills of Leslie Moonves may not translate over to the Viacom side of the equation...
Preparing analyses and information requested by the auditors, drafting and revising the 10-K, interfacing with counsel, working through issues and questions from the audit committee, securing approval to file the 10-K from the audit committee and the board, and beginning work on the 10-Q for the first quarter. It is common sense that financial executives leaving the employ of a public company early in the year generally don't want to leave their employer until after the 10-K is filed...
Mattel, America's leading toy manufacturer, limped into 2016 under a cloud of pessimism, exemplified by a massive short bet against its stock. MAT shares have rebounded strongly but remain heavily shorted. A profitable contrarian investment opportunity still exists. I examine and attempt to dismantle some of the most common bearish arguments against investing in Mattel...
“Home country bias” describes a situation in which a portfolio is invested disproportionately in companies from one’s own country. Studies have shown that “home country bias” is prevalent in the portfolios of both professional and non-professional investors and may impair long-term risk/return performance ...
Walgreens has an unusual situation where the CEO, board director, and largest shareholder (by a large margin) are all the same person - with benefits and concerns.
The Board Skills Matrix, our new feature, helps show investors how well board skills and experiences align with company strategy and marketplace shifts.....
The Board Skills Matrix highlights board competencies, through skills and experiences, to help investors determine board alignment with company strategy and the changing marketplace ...
History tells us that investors should favor simplicity over complexity. There are hundreds of examples of corporate failures that were caused by complicated business strategies and no true circle of competence. As companies increase their complexity, they often fail to pay attention to their flaws, and they become more vulnerable to risk of loss ...
Furthermore, the information that has surfaced about the deal paints a picture of corporate governance run amok. In this article, we address some key ...
The company made a preliminary, non-binding indication of interest to acquire Hersheys for a mixture of cash and stock, but the offer was immediately rejected. The Hersheys’ trustees, who need to approve any acquisition, are under pressure to keep the company independent, but also have a legal obligation to maximize trust revenue ...
Many investors have shared that they need more engagement to truly assess the quality of board candidates. 77% of Facebook's board have Strategy expertise (Median: 53%) and more than 88% have leadership expertise (Median: 87%). Facebook could consider adding a director with more international skills (or perhaps more clearly disclosing to shareholders the international experience of their current board of directors)...
Bulge bracket executives have greatly differing compensation structures and board compositions, each with potential impacts on shareholder return and contentment. Simply looking at compensation breakdown of cash salary and stock-associated incentives does not tell the full story of potentially low ...
While I appreciate that transforming GM into what the board believes will be the "most valued auto company in the world" takes time and won't happen ...
Chairman John Thain will step down from CIT Group's board following the company's 2016 annual meeting. CIT announced in October Thain will retire as CEO on March 31.....
Canada's government is pushing for changes in Bombardier's ( OTCQX:BDRAF , OTCQX:BDRBF ) dual-class share structure in exchange for possible financial aid, Bloomberg reports.
Cary Wood has resigned as Sparton's (NYSE: SPA ) CEO, and as a board member. Corporate development SVP Michael Osborne has also left...
The board deal could be announced as soon as this week. Greenlight owned about 8% of SunEdison (NYSE: SUNE ) as of Jan. 11. "The seat would give Greenlight, one of SunEdison's largest shareholders, a greater say in one of its most troubled investments...
KaloBios Pharmaceuticals (NASDAQ: KBIO ) announces the election of two independent directors to the board: Ronald Barliant and Dr. Cameron Durrant. Also, board member Michael Harrison resigned effective January 7...
Viacom ( VIA +5.8% , VIAB +6.4% ) will allow investors a (doomed) March vote on whether to extend voting rights to all its shareholders, Reuters reports...
