Discover and read the best of Twitter Threads about #starboardvalue
Most recents (2)
#Sopranos fans know the #BustOut as a mob tactic in which a business is taken over, loaded up with debt, and driven into the ground, wrecking the business's workers, customers and suppliers. When the mob does it, it's a bust out; when Wall Street does it, it's #PrivateEquity.
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/06/02/plu…
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pluralistic.net/2023/06/02/plu…
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It used to be that we rarely heard about private equity, but then, as national chains and iconic companies started to vanish, this mysterious financial arrangement popped up with increasing frequency.
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1/ 🧵Everyone who thinks VCs are cold-blooded has never met an activist public markets investor. I worked on “activism defense” for tech companies during my tenure at Goldman. #StarboardValue took stakes in $WIX, $SPLK & $CRM this week - quick take below:
bit.ly/3FxtMaN
bit.ly/3FxtMaN
2/ They see an opportunity to buy strong growth at less premium, as well as reap the cash flow benefits of increased focus on profitability
3/ Their thesis on all 3 companies: they trade at below-market multiples due to below-peer margin performance (fat)
