We’re hosting a call Tomorrow Wednesday December 20th at 12:30pm ET to provide our take on the GIL activism and its impact in our Bull case for this Best Idea Long. One of the most boring stocks in our universe has suddenly become one of the most interesting. After the CEO’s ousting, we’ve had several holders state publicly that they want the removed CEO Chamandy reinstated. Coliseum Capital looks to be in support of a change and has taken a board seat alongside. Meanwhile news articles are out saying the CEO gave the board an ultimatum, wanting approval to do multiple multibillion dollar acquisitions. Shortly after, Chamandy is out with a statement saying that is false. Hard to know what exactly is the truth here. What we do know is that we like the fundamental opportunity here for the business over a TREND and TAIL duration. And we also know that things are being shaken up here as it relates to activism, and we think that’s a positive for shareholders on a stock where the long term performance has been weak relative to the business’s underlying position and moat.
Call Details
Date/Time: Wednesday December 20th at 12:30 PM ET
Add To Calendar CLICK HERE
Live Video Link CLICK HERE
CLICK HERE for ELEVATOR PITCH PDF
