3 ms·
The cycles are so long that I think it's hard for activists to get in, set a new course and exit with a profit. Having said that the stock is so low at this po
by crowcroft 2y ago
The cycles are so long that I think it's hard for activists to get in, set a new course and exit with a profit.
Having said that the stock is so low at this point something will probably happen. I think private equity taking it private for 5-10 years would let the company work through a long term turn around.
Similar to what's happened with Yahoo. PE could buy it, spin out/sell the most distracting adjacent parts of the business, and then focus the core business over the next five years without needing to publicly deliver quarterly updates.
It would be a massive PE deal, but not outside the realms of possibility, especially if the stock drops a few more percent.