- Kerrisdale Capital Management issues a letter to the board and shareholders of Lindsay (LNN +0.7%) stating, "We have found the Lindsay management to be responsive to our shareholder concerns and the Lindsay Board to be proactive in seeking to maximize shareholder value."
- In Oct., Kerrisdale urged the company to use its cash balance, which exceeds 15% of Lindsay's market cap, "in a more productive manner," as well as to consider shareholder-nominated directors. The fund also penned an SA Pro article seeing a 50% upside in LNN that month.
- Since then, Kerrisdale writes that the board is "undertaking an exhaustive review on the best course of action with respect to capital allocation" and has met with 3 board candidates recommended by Kerrisdale in "constructive" face-to-face discussions. Kerrisdale will not, therefore, nominate alternate director candidates at the Jan. proxy election.
From other sites
at Zacks.com (Mar 26, 2015)
Lindsay Corporation : to Host Second Quarter 2015 Earnings Webcast Live on Wednesday, March 25, 2015at 4-traders.com (Mar 24, 2015)
at 4-traders.com (Mar 23, 2015)
at Nasdaq.com (Jan 8, 2015)
at Benzinga.com (Jan 6, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs