On activists…..I like the ones that first accumulate a large number of shares before launching their buyout bid. Mill Road does it this way. They typically own 10 to 20% before trying to buy. They have done it multiple times, most recently with Big Lots and right now are accumulating SUP in the open market. They own 13% and will likely make a bid within a year.
The activists that try to take over a BOD without having skin in the game I do not like or support. Often this is how Starboard operates. They buy literally 100 shares and then start a public battle and put forth a new slate of directors.
I hope you're the only one who would vote for a $8 buyout today.
Thankfully, the company has very little incentive to boost short term share price. They are incentivized to make the company money and are rewarded in the long term as the stock price appreciates.
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