- "The Case For Change Now" is the title of a new Corvex and Related presentation urging the removal of the entire CommonWealth REIT (CWH +3%) board. The dissident investors see NAV of about $35 after the board exits and a stock price of about $40 by the end of 2015.
- "We believe there would be substantial 'low-hanging fruit' easily within the grasp of a properly incentivized management team," they say, and promise measurable progress quickly, but ask for 24-36 months for NOI to reach stabilization.
- "While dramatically different from CWH’s existing plan, these reforms are in our view self-evident to every informed investor and will make CWH look like virtually every other member of the S&P 500."
Commonwealth boosted as dissidents present plan
From other sites
at CNBC.com (Jun 3, 2013)
at CNBC.com (May 29, 2013)
at CNBC.com (Mar 1, 2013)
at CNBC.com (Feb 28, 2013)
at CNBC.com (Mar 14, 2011)
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