Billionaire Paul Singer has made a fortune shaking up tired businesses. And right now he has a new company in his crosshairs. In industry circles, Singer has earned a reputation as an effective shareholder activist. Singer, and his fellow shareholders, made huge profits in activist campaigns at companies like athenahealth, Inc., BHP Group Ltd (NYSE:BHP), and Akamai Technologies, Inc. (NASDAQ:AKAM).
On his list now: AT&T Inc. (NYSE:T). In September, Singer’s hedge fund, Elliott Management Corporation, disclosed a $3.2-billion stake in the telecom giant. And in an open letter to AT&T’s board of directors, the hedge fund honcho chastised management’s investment track record, proposed dozens of options to boost returns, and called on executives to pay more money to shareholders through dividends and buybacks.
Source: Income Investors
Related Articles:
- 5 Dividend Stocks In Need Of A Market Correction
- 8 Dividend Stocks Building A Growing Cash Stream
- How To Build A Sustainable High Yield Portfolio
- How To Buy Dividend Stocks At The Bottom
- 8 Stocks That Have Paid Dividends Since The 1800s
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
So, stocks are the place to go. But which stocks? While the market is clearly the place to go for strong returns, investors have different p...
-
Strange but true: seniors fear death less than running out of money in retirement. So what's a retiree to do? You could cut your expense...
-
If you're anticipating a long retirement, you'll want to remain invested in stocks to give your money a chance of outpacing inflatio...
-
One way to identify suitable candidates is to look for stocks with an average dividend yield of 3%, and positive average annual dividend gro...
-
When writing this article, I was looking for an ideal list of dividend-paying stocks that consistently raise their dividends each year. In a...
-
If I could teach investors one thing, it would be how to identify and value “Forever Assets.” These businesses constitute the single best wa...
-
Exxon Mobil Corporation (NYSE:XOM) stock is trading at the same level as it was during the beginning of 2019. Even with company-specific pos...
-
A different approach is to focus on the payout. However, it’s important not to simply invest in companies that offer the largest payout. Tha...
-
As a new decade approaches, it's a good time to think about putting a few stocks in your portfolio that can stand the test of time, pote...
-
One of the Best Dividend Stocks of the Past Decade. If you ask most people to name the best dividend stocks, they’ll rattle off a similar li...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.