-
Activist Investor Mick McGuire Opposes Acreage-Canopy Growth Deal
Monday, May 6, 2019 - 3:56pm | 571Activist investor Mick McGuire's hedge fund Marcato Capital Management came out against Canopy Growth Corp (NYSE: CGC)'s acquisition of Acreage Holdings Inc (OTC: ACRGF) in a letter sent to Acreage's board of directors. What Happened The letter comes as a response to the...
-
The History Between Deckers And Marcato
Tuesday, October 10, 2017 - 12:03pm | 623Publicly, the battle between Deckers Outdoor Corp (NYSE: DECK) and Marcato Capital Management is nascent, the blows sparse. By official records, engagement began in February. But privately, the firms have been feuding for more than a year. Deckers’ Friday proxy filing reveals a lengthy,...
-
Digesting Delivering Alpha 2017: The Top Picks You Need To Know
Wednesday, September 13, 2017 - 8:44am | 894Anything but bitcoin. The cryptocurrency got little love at CNBC’s Delivering Alpha conference Tuesday, with JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon calling it “fraudulent” and Saba Capital Management CIO Boaz Weinstein attributing its rise to nothing beyond FOMO....
-
Once Again, Dillard's Targeted By Property-Focused Activist Investors
Monday, July 31, 2017 - 12:22pm | 441It seemed investors didn’t quite know what to make of activist investor Snow Park Capital Partners’ new 2-percent stake in Dillard’s, Inc. (NYSE: DDS) Class A stock. Shares initially traded up 5.3 percent Monday in pre-market trading before promptly falling 6.7 percent after the...
-
Conclusion To B-Dubs' Activist Investor Drama Leaves Some With More Questions Than Answers
Wednesday, July 5, 2017 - 10:31am | 371Another analyst is left puzzled and waiting after Buffalo Wild Wings (NASDAQ: BWLD)’s lost proxy war with activist investor Marcato Capital Management in early June. Stephen’s Will Slabaugh downgraded shares of Buffalo Wild Wings from Overweight to Equal Weight and reduced its price...
-
Of Bulls, Bears And Buffalo Wild Wings
Tuesday, June 27, 2017 - 2:51pm | 429Buffalo Wild Wings (NASDAQ: BWLD) has a lot on its plate. In the latest edition of Deutsche Bank’s Bull-Bear debate note, analyst Brett Levy discussed the challenges B-Dubs faces moving past its tumultuous June 2 annual shareholder meeting. The analyst rates Buffalo Wild Wings a Buy with a $...
-
What Sally Smith Means To The Buffalo Wild Wings/Marcato Story
Friday, June 2, 2017 - 2:35pm | 355Buffalo Wild Wings (NASDAQ: BWLD) spiked 10 percent off Friday’s intra-day lows as leadership confirmed three Marcato Capital Management board nominees and announced the impending retirement of CEO Sally Smith at the annual shareholder meeting. Investors may have interpreted the news as...
-
What You Need To Know Ahead Of B-Dubs' Shareholder Meeting Showdown
Monday, May 22, 2017 - 12:35pm | 296Buffalo Wild Wings (NASDAQ: BWLD) will hold an important board vote at its annual investor meeting on June 2, hoping to settle the battle the company is embroiled in with activist investor Marcato Capital Management. Buffalo Wild Wings previously stated its board and management team are “...
-
Why Buffalo Wild Wings Doesn't Need Marcato Capital To Succeed
Friday, May 19, 2017 - 12:52pm | 409Following a recent pullback in stock price, Maxim Group upgraded Buffalo Wild Wings (NASDAQ: BWLD) from Hold to Buy, raising their price target to $180. The firm estimates earnings of just over $2 million and non-GAAP EPS of $5.71 for fiscal 2017. Marcato's 'Unneeded' Stake Raise Activist investor...
-
Can Buffalo Fly? Deutsche Bank Upgrades B-Dubs
Monday, May 15, 2017 - 11:49am | 521Citing its belief in the set up for changes, Deutsche Bank upgraded shares of Buffalo Wild Wings (NASDAQ: BWLD). The change according to the firm, can be either from the current management team through its recently introduced change, or as a beneficiary of a new point of view and strategic...
-
B-Dubs Comment On Marcato Letter Calling For CEO Resignation
Thursday, April 20, 2017 - 10:40am | 374Activist investor Marcato Capital Management sent Buffalo Wild Wings (NASDAQ: BWLD) soaring Thursday after urging shareholders to oust CEO Sally Smith. The Situation "[U]nder current management, shares of Buffalo Wild Wings' common stock [has] underperformed virtually every relevant...
-
Marcato Pounds The Table On Buffalo Wild Wings, Calls For 5 Drastic Changes
Wednesday, August 17, 2016 - 1:56pm | 452Marcato Capital Management is blaming Buffalo Wild Wings (NASDAQ: BWLD) management for its failure to reach an understanding on enhancing the shareholder value. The investment firm indicated that it has been holding discussions privately with the company and found lackluster responses. Marcato...
-
13F Season: A Look Back At Q4 2015
Friday, May 13, 2016 - 2:07pm | 455Institutional investment firms with more than $100 million in assets under management and relevant long stakes in U.S. listed equities are required to disclose their long positions with the SEC once per quarter via 13F filings. Filings for the first quarter of 2016 are due this Friday and, while...
-
Activists Getting More Active: 13D Filings Volume Doubled Since 2012
Thursday, April 14, 2016 - 8:35am | 359Activists are getting increasingly activist, according to an Activistmonitor report. Data compiled by this platform, which comprises “predictive intelligence and behavioral data on shareholder activism,” showed that the top 20 shareholder activists* in North America have been increasing...