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ARTICLES
Selected articles and commentary on investing, capital allocation, corporate governance, and shareholder value creation.


Hedge fund Marcato recommends overhaul to double Deckers stock
Hedge fund Marcato Capital Management, which owns nearly 6 percent of Deckers Outdoor Corp, said shares in the maker of UGG boots could more than double by 2020 if it sells off pieces of its footwear business, buys back shares and overhauls executive compensation.
Reuters
Oct 5, 2017


Activist hedge funder Mick McGuire has made a huge winning bet on Terex
Mick McGuire looks at Terex
and sees a diversified manufacturer with a lot of upside if it can just get leaner.
The activist head of Marcato Capital took an interest in the company a year ago and has been pushing it to streamline, focusing on strong segments and shaking loose some of the less-profitable ends. Over the past year or so, McGuire’s firm has been working with Terex CEO John Garrison Jr. to make that happen.
CNBC
Sep 27, 2017


Activist to Deckers: Sell Yourself, Or Else
Activist investor Mick McGuire has issued an ultimatum to Deckers Outdoor (DECK). In a letter to the company’s board, McGuire’s Marcato Capital Management has threatened to replace the company’s board unless an ongoing strategic review process leads to a sale of the company.
Barron's
Jun 27, 2017


Buffalo Wild Wings CEO to Exit as Activist Wins Shake-Up Bid
An activist hedge fund won a fight to shake up Buffalo Wild Wings Inc. Friday, as shareholders voted in the fund’s founder and two of its nominees and Chief Executive Sally Smith announced she would retire by the end of the year.
Wall Street Journal
Jun 2, 2017
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