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Search resuls for: "Kenneth Squire"


6 mentions found


☆ Starboard takes a stake in Splunk. Here’s how the activist investor may help boost margins
  + stars: | 2022-11-12 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +4 min
Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. Splunk has a leading market share and is considered the "gold standard" in the log management and security markets. This is a typical Starboard investment – a company with strong top-line growth and enviable market position that needs help with optimizing growth and margins. When an activist takes a position at a company, it puts that company in pseudo-play with potential acquirers often coming out of the woodwork. You would think that their interest level has piqued a little with Splunk now trading at a $12.7 billion market cap.
☆ Carl Icahn snaps up shares of canning giant Crown. Here’s how he may build value
  + stars: | 2022-11-05 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +7 min
Business: Crown Holdings is a worldwide leader in the design, manufacture and sale of packaging products for consumer goods and industrial products. Activist Commentary: Carl Icahn is the grandfather of shareholder activism and a true pioneer of the strategy. The opportunity to create shareholder value here is relatively simple: sell non-core businesses, buy back shares and focus on the pure-play beverage business. The company announced its acquisition of Signode, a transit packaging business, for $3.9 billion in 2017, and might be reluctant to sell it for less than that now. There is more value in how they use those proceeds (i.e., buying back stock in an undervalued, growing business).
☆ Activist Starboard takes a stake in Vertiv, and an opportunity to boost margins is in sight
  + stars: | 2022-10-29 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +5 min
Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. Starboard sees Vertiv as a great business in a solid industry with secular tailwinds – more data is being generated every day requiring more data centers. After going public, Vertiv delivered solid results, which allowed management to continue to focus on revenue growth, rather than operating margins. This is a typical situation for Starboard: a private company CEO running a public company like a private company leading to underperforming operating margins. Both Starboard and Vertiv seem to be on the same page.
☆ Two potential opportunities for value creation emerge as Starboard takes a stake in Salesforce
  + stars: | 2022-10-22 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +5 min
Starboard views Salesforce as a high quality and sticky business at an attractive valuation with the potential for significant value creation through a better balance of growth and profitability. Salesforce peers are operating at a "rule of 50" – average revenue growth plus adjusted operating margins of peers equals 49.4. Salesforce currently has a revenue growth rate of 17.0% and 20.4% operating margins, which brings it to 37.4 combined. Starboard has had extensive experience with growth companies that begin to see slowing growth rates and need to either regain that growth and/or focus on margins. Even if they were to hit that target, this would only bring them to a growth + margin of 42.
☆ Activist ESG investing — the Goldilocks of responsible investing
  + stars: | 2022-10-08 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +7 min
Now, a bear market has exposed these weaknesses, and for the first time, the ESG investing movement has been losing some steam. This drastic reaction to ESG funds does on the right exactly what it is criticizing on the left: It takes an extreme position that exploits the views of the far right to weaponize the opponents of ESG funds just as many ESG funds were created to exploit and weaponize the acolytes of ESG. ESG investing is a term that combines two concepts: ESG and investing. Responsible ESG investing means not just being responsible to environmental, social and governance factors, but being a responsible investor to ESG factors and the goal of attaining outsized capital appreciation. Squire is also the creator of the AESG™ investment category, an activist investment style focused on improving ESG practices of portfolio companies.
☆ Starboard snaps up a position in Wix, and building free cash flow may become a focal point
  + stars: | 2022-09-24 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +7 min
Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. Starboard has had a notable track record with web applications companies going back to 2004 with their 13D investment in Register.com. Starboard has extensive experience in helping companies optimize growth and margins, typically from a board level. There is one other similarity between Wix and many other Starboard activist positions. Ken Squire is the founder and president of 13D Monitor, an institutional research service on shareholder activism, and he is the founder and portfolio manager of the 13D Activist Fund, a mutual fund that invests in a portfolio of activist 13D investments.
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