MASI - Masimo Corporation: A Bitter Proxy Fight Hurts The Shares

2024-07-19 18:21:22 ET

Summary

• Masimo Corporation contemplates reversing the Sound deal, intensifies its fight with an activist investor, while providing solid preliminary second quarter results.
• The proxy battle is open and intense, distracts from the core business, and hopefully should be resolved soon.
• Post the proxy fight and Sound divestment, a focused healthcare business should be able to create real value for investors.

In May, I believed that there were promising developments happening in the case of Masimo Corporation ( MASI ) . These came after the company was contemplating a reversal of the Sound United deal two years after this deal was announced....

For further details see: