Moving on to greener pastures.
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No shares available the real stand off is ahead. Follow the Trend!
My friend on Tri-care said he just got his 90 day renewal.
He is 70 years old. Been on Afrezza for almost 30 months. Lowest A1C he has had in 10 years. He is a Type 2.
His Endo is amazed with how well he has done in that period of time. Only one shot of insulin a day at bed time.
Are the numbers of Tri-Care reported in Weekly script numbers? I believe that I heard last year they are not reported.
So reported script numbers might not be accurate. We don't know. What I do know is that MannKind is making great progress and the visibility on social media is growing every week.
September 11th Mike Castagna speaks to an investor group at Rodman & Renshaw.
Stay Tuned as we might be heading forward. MannKind has a tough road but I personally believe they will get the job done.
Afrezza is a Paradigm change for people with Type 1 & Type 2 diabetes.
I can't wait for this to explode.
Martin I like your thinking. Let's hope this Positive Trend upwards continues for MannKind.
Tick Tock, Tick Tock. It's going to happen shortly. Stay tuned.
My $1.00 coffee and 2 eggs for breakfast helps me to stay invested in MCD.
No Five bucks coffee for me.
Great day for Mazor. MDT jumped the shark by 6 months. I hope that Mazor stays independent for many years. Happy to have MDT buy into the company but lets stay independent.
Great message from the founder of VDEX about pre-diabetes, and control of A1C
#AfrezzaFirst #AfrezzaInstead #AfrezzaAlways. We exist to solve this problem #VDEX and we believe #Afrezza is the answer pic.twitter.com/XHm3hWDubE
— vdexdiabetes (@vdexdiabetes) August 6, 2017
We will win in the future. I have time and patience to wait for Patients to arrive.
Mike C. Is working hard to correct the problems that developed over the last three years. It takes time to move forward and I still believe that MannKind will win.
Masa Son is a desperate person and Sprint is a very sick company. Let's hope that a bid comes in soon from T-Mobile as Sprint can't go it alone.
Pay attention to how Private Equity does their work. 4 weeks ago Sycamore announced buying Staples and look at the news today.
http://nypost.com/2017/07/31/office-depot-in-talks-to-buy-rival-staples/
Staples may spin off its retail chain to Office Depot
merger between Staples and Office Depot may finally be in the cards — but it won’t be the kind that company brass had longed for, or that regulators had feared.
Staples, which agreed a month ago to be acquired by private-equity firm Sycamore Partners for $6.9 billion, has also lately held talks to spin off its 1,500 retail stores to longtime rival Office Depot, sources told The Post.
An activist Investor or a Private Equity store will do the same thing with Rite Aid. It is coming shortly. Deal will happen before Walgreens gets their hands on the stores they want to buy.
Here is a story from last weeks saying they are putting Amazon Go on hold while they refine the concept more. Hmmm. I heard thru the Rumor mill that every Rite Aid store might be a good conversion to an Amazon Go Store.
http://thewebtribune.com/2017/07/20/amazon-puts-amazon-go-hold/
Again that is the Rumor mill and retail investors would be the last to know anything like this happening. So don't take it to the bank. It probably won't happen.
But it would be great if it did happen.
Fantasize with me for a moment. Putting Whole Foods 365 Branded products in the Rite Aid / Amazon Go stores. Now that would be a winning combination.
I believe your just might be rite!.
Amazon Go in every Rite Aid store.
Envision RX servicing 350,000 Amazon Employees and 84 Million Amazon Prime customers.
How HUGE would that Be?
This plays out by the end of 2017 if not sooner. Somebody will announce a large activist position within 60 day or less.
I would bet money on it.
I don't think so as the deal before was a fire sale to Fred's. No need to do that anymore.
Amazing move by Jana Partners to sell out of Whole foods for a 300 mil profit in 90 days or less. Now that is speed dating and marriage with a quick divorce
https://www.sec.gov/Archives/edgar/data/865436/000090266417002980/exhibit_e.htm
http://www.businessinsider.com/jana-partners-makes-300-million-return-amazon-whole-foods-deal-2017-7
Who is up next for Jana Partners? I hope its Rite Aid. $RAD
Text book example of how to do it.
https://www.sec.gov/Archives/edgar/data/865436/000090266417001927/p17-0978sc13d.htm
Transactions in Shares of the Issuer During the Last 60 Days
The following table sets forth all transactions in the Shares effected in the past sixty days by the Reporting Persons. Except as otherwise noted, all such transactions were effected in the open market through brokers and the price per share is net of commissions.
JANA
Trade Date Shares Purchased (Sold) Price Per Share ($)
02/09/2017 2,100 29.98
02/09/2017 214,600 30.31
02/09/2017 170,600 30.18
02/09/2017 479,736 30.07
02/10/2017 132,964 30.54
02/13/2017 61,493 30.06
02/13/2017 54,072 30.04
02/14/2017 137,627 29.79
02/14/2017 290,777 29.78
02/14/2017 94,300 29.81
02/21/2017 (35,676)* 31.20
02/22/2017 206,379 31.08
02/22/2017 242,436 31.07
02/22/2017 32,100 31.09
02/23/2017 109,303 31.21
02/23/2017 428,977 31.30
02/24/2017 169,460 31.13
02/24/2017 100,000 31.25
02/27/2017 50,000 30.96
02/27/2017 12,100 31.18
02/27/2017 467,900 31.08
02/28/2017 67,900 30.90
02/28/2017 102,100 30.96
02/28/2017 163,000 30.62
03/01/2017 21,700 30.65
03/01/2017 146,000 30.70
03/01/2017 65,300 30.80
03/01/2017 126,047 30.73
03/02/2017 100,000 30.55
03/02/2017 55,000 30.52
03/02/2017 122,953 30.56
03/03/2017 55,966 29.74
03/03/2017 294,034 29.66
03/03/2017 50,000 30.02
03/03/2017 50,000 29.93
03/06/2017 275,000 29.73
03/07/2017 35,000 29.49
03/24/2017 169,500 29.06
03/28/2017 10,000 28.62
03/29/2017 351,770 28.91
03/29/2017 123,728 28.89
03/29/2017 657,100 28.81
03/30/2017 497,936 29.14
03/31/2017 446,900 29.25
03/31/2017 11,400 29.71
03/31/2017 835,384 29.68
04/03/2017 20,900 29.74
04/03/2017 1,056,714 29.72
04/04/2017 444,812 30.09
04/04/2017 32,900 30.06
04/04/2017 260,148 30.07
04/04/2017 830,642 30.18
04/05/2017 801,368 30.23
04/05/2017 67,300 30.38
04/05/2017 139,000 30.45
04/05/2017 1,701,502 30.40
04/06/2017 117,089 30.71
04/06/2017 1,317,275 30.79
04/06/2017 89,000 30.95
04/06/2017 60,000 30.94
04/06/2017 (183,865)* 30.90
04/07/2017 63,312 31.09
04/07/2017 10,800 31.45
04/07/2017 539,488 31.42
04/07/2017 136,400 31.28
04/10/2017
53,900
31.80
04/10/2017
261,216
31.58
04/10/2017
312,402
31.80
04/10/2017
296,782
31.77
04/10/2017
75,700
31.70
* Transaction was effected for the purpose of rebalancing the holdings of funds and accounts managed by JANA.
Mr. Murphy
Trade Date Amount Purchased (Sold) Price Per Share ($)
03/02/2017 1,250 30.25
03/03/2017 41,236 29.79
03/07/2017 50,000 29.47
03/13/2017 50,000 28.90
03/15/2017 8,735 28.50
Ms. Dietz
Trade Date Amount Purchased (Sold) Price Per Share ($)
03/01/2017 40,000 30.88
03/01/2017 20,000 30.83
03/01/2017 20,000 30.85
03/02/2017 3,000 30.46
03/14/2017 18,000 28.79
Mr. Dickson
Trade Date Amount Purchased (Sold) Price Per Share ($)
03/03/2017 3,375 29.64
03/15/2017 1,900 28.87
Ms. Adler
Trade Date Amount Purchased (Sold) Price Per Share ($)
03/13/2017 837 28.92
03/13/2017 2,618 28.94
Mr. Bittman
Trade Date Amount Purchased (Sold) Price Per Share ($)
03/29/2017 860 29.11
RITE AID is ripe for the picking.
Here is another article on Barry Rosenstein at Jana Partners. He knew exactly how to execute the deal to get Whole foods sold. He didn't even stick around to see if the deal would close.
http://www.businessinsider.com/jana-partners-makes-300-million-return-amazon-whole-foods-deal-2017-7
The activist hedge fund, which bought a more than 8% stake in Whole Foods in early April, liquidated its stake in organic grocer following Amazon's $13.7 billion offer and will walk away with a $300 million profit, according to documents filed with the Securities and Exchange Commission Wednesday.
https://www.sec.gov/Archives/edgar/data/865436/000090266417002980/exhibit_e.htm
Jana, run by billionaire Barry Rosenstein, wasted no time putting the heat on Whole Foods CEO John Mackey and agitating for a management overhaul. Mackey and his team responded by hiring a top defense banker from Evercore, setting in motion the events that would lead only weeks later to a buyout offer from Amazon.
Wishful thinking on my part that an activist like Barry Rosenstein will take a bite at Rite Aid? Why did the new Walgreens deal have a 60 day clause where Rite Aid could not solicit any offers other than the Walgreens deal? Rite Aid can receive offers. But all the parties knew that somebody like a Jana Partners would swarm in SHORT order the carcass of the failed Walgreens deal.
That is what an ACTIVIST INVESTOR DOES or a PRIVATE EQUITY GROUP. The will eat alive the carcass of Rite Aid before the end of 2017.
Who will it be? I don't know. But perhaps what Jana did is an indication that it potentially might happen SHORTLY.
Rosenstein did it buying 8% of Whole Foods.
8% of Rad today would be 84,800,000 shares. Did he sell his interesting in WFM to start a new position in Rite Aid.
PAY ATTENTION THIS IS HOW AN ACTIVIST DOES IT.
JANA PARTNERS did it to Whole Foods in lest then 90 days. IN/OUT like lightning. 300,000,000 profit for coming in and forcing Management and the Board to make a deal with Amazon. Why do you think there was the 60 Day clause in the Rite Aid deal.
Walgreens and Rite Aid knows what is going to happen.
Now you have JANA PARTNERS fresh with their $300,000,000 million profit who go out and buy 10% or more of RITE AID and start the game all over again. Jana was smart. The didn't even wait for the deal with Amazon to close. The made the deal happen to sell Whole Foods to Amazon and then sold out their investment for a 300 Million profit.
If you don't think that will happened with Rite Aid then you are not thinking like the ACTIVIST HEDGE FUND / PRIVATE EQUITY folks think. The are IN/OUT faster then you can order your burger at In/Out.
http://www.cnbc.com/2017/07/19/jana-sheds-entire-stake-in-whole-foods.html
The activist hedge fund who helped drive Whole Foods into Amazon's arms is cashing out.
On Wednesday, Jana Partners said in a filing with the Securities and Exchange Commission that it was exiting its position of 26 million shares, or about an 8.2 percent stake in the grocery chain, making a profit of roughly $300 million.
Jana started selling its shares in Whole Foods on June 19, and then shed the remainder, 16 million shares, in a block trade at $41.66 apiece on Tuesday, the SEC filing shows.
Jana Partners in April first reported its ownership of Texas-based Whole Foods, bumping up shares of the supermarket company's stock. The hedge fund was, at the time, suggesting the struggling grocer should either accelerate its turnaround plans or consider putting itself up for sale.
In April, Jana said Whole Foods "shares are undervalued and represent an attractive investment opportunity." The investor group also pointed out it had "substantial experience" in the grocery and food sectors.
These purchases also made Jana Whole Foods' second-biggest shareholder.
The activist investor initially accumulated its stake in Whole Foods by buying stock priced between about $29 per share to about $32 per share, according to SEC filings. Considering where Whole Foods is trading today, Jana made a nice chunk of change, around $300 million, from its entire investment.
Jana's sales totaled more than $1 billion, and Jana originally paid about $794.5 million for its position in Whole Foods, the hedge fund disclosed.
A representative from Jana Partners didn't immediately respond to CNBC's request for comment.
Whole Foods' shares hardly moved Wednesday after the news broke. The grocery stock closed the day at $41.76 per share, hovering right around Amazon's $42 per share offer price.
What does one do with a 300 million profit? You turn around and buy 10% or 20% of Rite Aid and begin to play the game again. Can they do it in 90 Days like the did with Whole Foods?
I believe probably 12 to 24 months before they can get their approvals.
CVS Caremark is concerned about Rite Aid being purchased by Amazon. They are pulling out the big guns of the RI congressional delegation. Why would this Congressman want to discuss on the hill Amazon buying Whole Foods Markets?
You know Amazon scares the crap out of CVS Caremark. Amazon can buy Rite Aid very cheaply for under $8.00. The can keep the store or sell them off. The can convert them to AMAZON GO locations and stock them with Whole Foods 365 products.
They have 350,000 employees nationwide so the Envision RX PBM can immediately service the Amazon employees.
Or
The 84 Million Amazon Prime customers. Is CVS Caremark concerned?
You know the best is ahead when a RI congressman wants to have hearings on the Hill about Amazon buying Whole Foods. What the congressman is saying is that RI based feels threatened by Amazon wanting to get in to Pharma by buying Rite Aid. This example was today.
"Congressman calls for antitrust hearing into Amazon-Whole Foods deal"
http://www.cnbc.com/2017/07/18/congressman-calls-for-antitrust-hearing-into-amazon-whole-foods-deal.html
Congress should hold an antitrust hearing into the Amazon-Whole Foods deal to figure out what the implications of the transaction may be, Rep. David Cicilline told CNBC.
Cicilline said that doesn't mean he wants to block the deal.
In June, Amazon said it planned to acquire the grocery store chain for $42 a share, in a deal valued at $13.7 billion.
Congress should hold an antitrust hearing into the Amazon-Whole Foods deal to figure out what the implications of the transaction may be, Rep. David Cicilline, D-R.I., told CNBC on Tuesday.
In June, Amazon said it planned to acquire the grocery store chain for $42 a share, in a deal valued at $13.7 billion.
Last week, Cicilline wrote a letter to Rep. Bob Goodlatte, R-Va., the House Judiciary Committee chairman, and Rep. Tom Marino, R-Pa., the chairman of the Subcommittee on Regulatory Reform, Commercial and Antitrust Law, asking them to look into the issue.
"People have a lot of anxiety about the creeping monopolies and mega-mergers that are giving consumers less and less power in the marketplace," Cicilline said in an interview with "Closing Bell."
He said it was not his intention to block the deal, but rather to explore the possible ramifications surrounding it.
"This is an important transaction. We should study it carefully. We should understand the implications … on jobs, on competition, on the marketplace and what the impact will be on consumers," said Cicilline, a ranking member of the Subcommittee on Regulatory Reform, Commercial and Antitrust Law.
He also said it is an opportunity to see if antitrust laws need to be updated.
"Our antitrust laws were enacted ... more than 100 years ago in the context of railroad monopolies, and maybe in the face of automation and this new economy, the digital economy, we need to do some refreshing of our antitrust statutes," Cicilline said.
He's not the only one who wants the pending acquisition looked into. On Monday, the United Food and Commercial Workers Union, which represents retail workers, called on the Federal Trade Commission to scrutinize the deal. The union doesn't represent Whole Foods employees but 800,000 clerks and other workers at grocery chains.
"Amazon arguably poses a greater threat to our retail economy than any other online or traditional brick and mortar grocer," UFCW International President Marc Perrone wrote in a letter to the FTC.
Meanwhile, Amazon is also taking another step into the food space, registering a trademark in the U.S. on July 6 for a meal-kit business.
The news, which hit Sunday, sent shares of meal-kit provider Blue Apron tumbling on Monday and prompted
CNBC's Jim Cramer to say, "You just have to hope that you don't wake up in the morning and see Amazon has decided to get in your business."
You need to let it ride as this will play out by the end of 2017
Sorry to see you go. There is a lot of upside here and to bail at $2.60 is lost opportunity.
You know the best is ahead when a RI congressman wants to have hearings on the Hill about Amazon buying Whole Foods. What the congressman is saying is that RI based feels threatened by Amazon wanting to get in to Pharma by buying Rite Aid. This example was today.
"Congressman calls for antitrust hearing into Amazon-Whole Foods deal"
http://www.cnbc.com/2017/07/18/congressman-calls-for-antitrust-hearing-into-amazon-whole-foods-deal.html
You need to let it ride as this will play out by the end of 2017
No but Jeff Bezos attending the sure holders meeting would be??
Great! If you don't have a face you are the sole you're interested to move on to another fine stock otherwise we will just have to wait and see what happens.
I have met Hillard and he's a great guy.
A great story as both he and his son are Afrezza users.
Good read about right aid from another website
http://host.madison.com/business/investment/markets-and-stocks/why-i-just-bought-rite-aid-stock/article_a19d2beb-723e-51cd-991a-541a12f0bf77.html
Why I Just Bought Rite Aid Stock
Shares of Rite Aid Corp. (NYSE: RAD) have been hammered since its merger with Walgreen Boots Alliance (NASDAQ: WBA) fell apart. The stock plummeted 26% on June 29 when the news broke, and has continued slide since, giving up as much as another 24%. All told, the stock is down 44% in just two weeks.
I've taken advantage of the sell-off to add some Rite Aid shares to my personal account. While it remains a risky play, there's several reasons why I believe the pharmacy chain has significant upside potential that makes it worth the risk.
They haven't sold half the stores yet.
Rite aid fits into Amazon very neatly for a number of reasons.
Number one: they pick up Envision RX. Envision could immediately serve all of the Amazon employees who need prescriptions. Then you roll it out to the 82 million Amazon prime subscribers. The next step is already in place and that's the network of insurance carriers that Envision already services. They have millions of patients already receiving services from this Rite Aid company.
Number two: you integrate the pharmacy into all of the whole foods market stores. Having rite aid makes that easy.
Number three: you put Amazon go markets into all rite aid locations.
They have been testing Amazon go and this would be a great fit into existing store. Perhaps that would also be like a whole foods mini store since whole foods is limited in the markets they currently serve.
You can bet that Jeff basos and his team have been paying attention to all the issues going on at Rite Aid. If they truly want to enter the pharmacy business they will make a quick offer in the near future before the Walgreens deal could ever close.
Walgreens is hoping to walk away quickly with the stores but you can bet that whether it's Amazon or a private equity group there will be other bidders to pick up some of the pieces of Rite Aid if not the entire company.
Walgreens blew the deal in June when they panicked that there was a potential the FTC could block the entire merger. As it turns out it looks like the deal was going to go through. I hope long term for the shareholders we get some great value for the assets. Personally I would love to see Amazon come in and buy the company.
For the record I have owned Walgreen stock for over eight years. I also have a very heavy position in right aid. The position is only about nine months old.
I believe the 60 day period prohibits the company from soliciting an offer to sell any additional assets.
But I don't think that prevents them from receiving an offer from a private equity company or say perhaps Amazon.
They did about 30 billion in revenue last year with 1.2 billion in profit less 600 billion debt service.
The company has not focused on profit in being nimble the last 20 months since management checked out waiting for their big payday.
A new management team will turn this company around. Would love to see the board get rid of the team but perhaps we have to wait for a private investor or Amazon.
Will you be attending the Shareholders meeting next week? Most of the meeting is a just a ritual so sometimes they are boring. But this one might be interesting to see who shows up and if there are any new investors at their COMING OUT PARTY.
Wine maker. I agree with you and the regulators will have to stand down. Yesterday day there was this article where a RI congressman who is bought and paid for by CVS Caremark is starting to challenge Amazon in Congress.
He knows what is next for CVS Caremark. If Amazon Enter Pharma.
https://www.bloomberg.com/news/articles/2017-07-14/u-s-congressman-calls-for-hearings-on-amazon-s-whole-foods-bid
"U.S. Representative David Cicilline, a Democrat from Rhode Island, on Thursday wrote a letter to the chairman of the House Judiciary Committee requesting hearings about Amazon’s Whole Foods acquisition, saying the deal was part of a wave of consolidation that has “decreased wages and resulted in gross inequality in the workplace.”
“Amazon’s proposed acquisition of Whole Foods raises important questions concerning competition policy, such as how the transaction will affect the future of retail grocery stores, whether platform dominance impedes innovation, and if the antitrust laws are working effectively to ensure economic opportunity, choice and low prices for American families,” Cicilline wrote.
CVS Health Corp. is based in Rhode Island and analysts have speculated that Amazon could use Whole Foods’ retail locations to launch a pharmacy business."
We all know what is next for Amazon regarding Pharma. Buying Rite Aid would create the PERFECT STORM in the Pharmacy space. Even if its just buying Envision RX for the Mail order PBM business. They have enough employees to support that entry and purchase.
Buying the entire entity gives them a unique platform for their Amazon Go platform in the Rite aid stores. Can you imagine Rite aid store being merchandised with Amazon Go and Whole Food products. That would also help Amazon expand the Whole food platform.
Yep the perfect storm is ahead.
I have 22,000 reasons for them to buy Rite Aid. My AVG DCA is low. It would not take much to make me happy.
The value of the parts make the deal. Whether it would be Amazon or a PE investor. There is the value to support a buy for the entire company.
Parted out with WBA buying their shares and the balance with Envision RX and stores still make a great deal for somebody.
Yesterday CVS issued concern about Whole Food stores becoming pharmacies. They think that FTC needs to review the Whole Food transaction for Anti-Trust. Getting too big.
Hopefully not to big to take on the Rite Aid business. Just think Amazon currently has 84 Million users buying on Prime.
Rite Aid has 10's of thousands of customers. That would make one hell of a pharmacy business for Amazon.
I would love to see Amazon pick it up they might be a player for the PBM if not the entire company. I will hold long as this will eventually be a great deal for investors.
I believe that we will see private equity or Amazon step up before the ink dries on any approval Walgreens might have to get from the federal trade commission. At 2:25 it's a steal. I have added more shares and probably have too many.
The value of this company has to be at least $6.00 a share
Holding 5000 shares I guess we will see what happens. I have a lot of time and patience for this to play out.
I question $15. But I do see $7 to $10 on the buyout.
What buyout? I believe by the end of 2017 we will have something come forward in the way of either a private equity firm taking it out. Or a activist investor pushing for a sale of assets.
Make the Walgreens deal and sell Envision to Amazon for 4 billion with right aid retaining West Coast stores in the ability to sell scripts to Amazon for patients needing immediate delivery.
For the record I am long with 22,000 shares
The next week or two will be very interesting for Rite Aid investors. Is there a White Knight or Activist Investor ready for a bid before or after the 60 day non-solicitation period in the new agreement?
In 6 days of trading since the deal termination announcement 491,616,293 shares traded so perhaps there was some accumulation by some PE.
With SEC rules they don't have to announce for up to 10 days after accumulating a 5% position. Maybe somebody has accumulated 55 Million cheap shares to have that 5% stake.
Maybe a group of Activist investors have worked together. Just think if that happened and was announced prior to the July 17th Meeting.
Even with the current slate of directors that has been announced and will be voted on a group of investors holding 5% or more can very quickly pressure the existing board or announced board to offer up some seats immediately.
Read this report published in February 1, 2017 about Activist investors and their 2016 targets. It is one of the best documents you might read about how this game might play out. Rite Aid is in play and it will fall just like Whole Foods did when JANA Partners started playing their value game in January, February and March 2017. Then JANA was giving an immediate board seat and the rest is history.
https://insight.factset.com/hubfs/Resources/Research%20Desk/Market%20Insight/FactSet%27s%202016%20Year-End%20Activism%20Review_2.1.17.pdf
Nothing would surprise me. Its awfully quiet from Rite Aid. But perhaps one should suspect that since they are preparing for the Shareholders meeting on July 17, 2017. Should be a great event since by that time the dust has settled and the board needs to make some serious plans about the future. We might actually seen an activist investor step forward by then.
Who will it be? Here are the top ten usual suspects:
Here are the 10 biggest activist money investors
10. Blue Harbour Group, 9. MHR, 8. Starboard Value, 7. Sachem Head Capital Management, 6. Trian Fund Management, 5. Cevian Capital, 4. Pershing Square Capital Management ,3. ValueAct Capital Partners, 2. Third Point Partners, 1. Icahn Enterprises
Blood in the water for Shorts & Longs with Rite Aid.
Read this great document on Activist Investing. It will give you insight to what will probably play out on Rite Aid.
The company is going to have somebody step up perhaps as soon as the shareholders meeting on July 17, 2017 and make a move to clean up the Board and Management or a Private equity firm take it private before they sell the stores to Walgreens.
this is a report of all the Activist Investors that shook up companies in 2016. Its a great read either for our current situation with Rite Aid or other companies we have struggled with our investments.
Rite Aid is ripe since the break up with WBA last week.
2016 Shareholder Activism Review
https://insight.factset.com/hubfs/Resources/Research%20Desk/Market%20Insight/FactSet%27s%202016%20Year-End%20Activism%20Review_2.1.17.pdf
I personally will not cut and run from Rite Aid as I think this will play out by the end of 2017. There is too much value to be unlocked and a PE company or Activist investor like one of the Big 10. will seize the opportunity to make big returns on Rite Aid.
Who will it be?
Here are the 10 biggest activist money investors
10. Blue Harbour Group,
9. MHR,
8. Starboard Value,
7. Sachem Head Capital Management,
6. Trian Fund Management,
5. Cevian Capital,
4. Pershing Square Capital Management
3. ValueAct Capital Partners,
2. Third Point Partners,
1. Icahn Enterprises
Of course there or other out there or one or more can work together in partnership.