We recently added BOBE to the Hedgeye Best Ideas list as a LONG.
We’re hosting a brief conference call TOMORROW at 11am EST to run through our thesis and field questions.
If you haven’t been following the Bob Evans / Sandell saga closely, we suggest you begin to. We like Sandell’s relentless resolve and believe they have identified several, feasible opportunities to unlock shareholder value. As such, we believe BOBE represents an attractive entry point on the long-side for investors that don’t mind seeking strong returns from special situations. During the call, we plan to hit on several key topics including, but not limited to:
- Sandell’s feasible proposals and admirable resolve
- Potential sale or spinoff of BEF Foods
- Transition to an asset light model
- Poor capital allocation and opportunities to attack the middle of the P&L
- The inherent value of its significant real estate portfolio
CALL DETAILS
Toll Free Number:
Direct Dial Number:
Conference Code: 988314#
Materials: CLICK HERE
Howard Penney
Managing Director
Fred Masotta
Analyst