Siemens AG (SIE GY) announced the separation of its struggling Gas & Power segment in CEO Joe Kaeser's latest move toward focusing on core digital technology businesses. Since he took over the company in 2013, Kaeser has made several proactive decisions to hone the German conglomerate's focus and get ahead of activist investors, as he recognizes SIE cannot get comfortable in an ever-shifting global environment. His belief that focus creates growth, not synergies, is on full display.
21 May 2019
Newmark Group, Inc. (NMRK) has better adjusted EBITDA and net income margins compared to its peers (trading at a 55% discount), though the company is held back by a below-investment grade rating from S&P Global, putting near-term pressure on the stock. That said, recent institutional buying and purchases made by CEO Barry Gosin indicates positive sentiment for NMRK's growth, with investors benefiting in the long-term.
17 May 2019
Investors ask me what makes a good fund manager. David Marcus, CIO at the mutual fund Evermore Global Advisors tells me how he approaches investments and why CEO's are key to recognizing a good company. Read my exclusive interview with him on Forbes.
17 May 2019
On May 14, 2019, both the CEO and CFO of Liberty Latin America Ltd (LILA/B/K) aggressively bought shares on the open market - drawing our attention back to this former split-off from John Malone's Liberty Global Plc (LBTYA/B/K) in January 2018. These are value-oriented purchases, and is a positive sign for the stock when combined with our previously identified catalysts. Read on for more of our thoughts.
16 May 2019
With a plan nearly fully formed on the announcement, The Ensign Group, Inc. (ENSG) is prepared to distribute its home health and hospice services business to shareholders and publicly list The Pennant Group, Inc. (PNTG) before or in Q4 2019. ENSG has prior experience in value creation through a Spinoff, having previously Spun CareTrust REIT, Inc. (CTRE) in June 2014, and this new Spin is structured in a similar manner. Can ENSG catch lightning in a bottle twice?
15 May 2019
TiVo Corp. (TIVO) announced a break-up of its platform solutions and software and services business from its patent portfolio business. However, after more than a year of being advised by LionTree Advisors and activist investor Glenn Welling (founder and CIO of Engaged Capital) on exploring a potential sale, a merger or being taken private, shares dropped 14% after failing to find that near-term boost that shareholders were initially looking for.
15 May 2019