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Shutterfly Shareholders Could Benefit From An Activist
- Shutterfly recently rejected takeover bid(s) and instead elected to remain independent - much to the ire of shareholders.
- The CEO is pursuing a high cost strategy and does not have the best interest of shareholders at heart.
- Shutterfly shareholders could greatly benefit from a vocal activist that shakes up the board and management.
Magnum Hunter Resources: Will It Ever Generate Positive Free Cash Flow?
- Cash from operations dwarfed by capital expenditures.
- The funding gap is closed with equity and debt raises as well as asset sales.
- Over the long-run this strategy is completely unsustainable and the equity should be avoided.
Why Dex One's New Hires Likely Points To A Balance Sheet Restructuring Forthcoming
- Dex Media announces new "dream team" of senior management.
- Board of Directors tells new CEO to accelerate the company's transformation.
- A sizable reduction in debt is necessary for this strategy to have a chance of succeeding.
On Tap At IEC: A Knock Down Drag Out Proxy Fight
- Vintage Capital filed a 13D/A with the SEC on Monday, announcing its intention to nominate its own slate of Directors to the Board.
- If a mere 20% of shares vote with Vintage, it will likely control the Board.
- Multiple avenues for significant value accretion to shareholders continues to exist.
CA Technologies - First Signs Of A Turnaround Emerging; Perfect Candidate For A LBO
- CA has a low valuation coupled with high free-cash-flow, making it ripe for a LBO.
- Growth in the Enterprise Solutions appears close at hand.
- A go private deal at $31-$33 a share would be a win for shareholders.
Lamar Advertising - Get Paid Handsomely To Wait For Multiple Expansion
- Lamar pays a nice 5% dividend, fully covered by free-cash-flow.
- U.S. economic growth is a nice tailwind to Lamar's revenues.
- REIT conversion is on track for Q4 completion.
- Over time Lamar should trade up to a multiple more in-line with other REITs.
Big Changes Coming To IEC. Time To Load Up.
- Vintage Capital filed a 13D revealing 7.1% ownership and included a letter that publicly criticized management and the Board.
- The Company is now under direct pressure to increase shareholder value.
- A sale or an entirely new Board, management team and strategy is now highly likely within the next 12 months.
- How Seagate Will Maintain Gross Margins And Continue To Trade Higher
- IEC Electronics: Absolutely, Positively A Mess And In Trouble
- Public Relations And PCs, Not Profits, Are Microsoft's Problems
- How Apple Can Generate A Decent Return On Its Cash
- Qualcomm's Non-GAAP Earnings Should Be Ignored -- Stick With GAAP
- IEC Electronics: Time For A Change At The Top?
- Ultrapetrol: What Changes I Would Like To See Southern Cross Make In 2013
- Dear Apple Board, This Is How You Defend The Share Price
- Dear Citigroup: Buybacks Don't Matter - Just Pay A Decent Dividend
- How To Profit From Natural Gas's Wild Ride
- Seagate Technology: Why The Likely End Game Is A LBO
- IEC Electronics: How An Asleep At The Wheel Board Of Directors Can Torpedo Shareholder Value
- Ultrapetrol: A Case Study On Questionable Corporate Governance
- IEC Electronics: Lining Shareholders' Pockets Or Management's?