WDC - This Investor Thinks Western Digital Can Nearly Double if It Does This 1 Thing
In difficult markets, investors may want to look at idiosyncratic situations. After all, Warren Buffett is doing just that, playing merger arbitrage with Activision Blizzard , betting its merger goes through later this year.
Another type of idiosyncratic situation is activist investing . That happens when a large investor takes a big stake in an underperforming company, and then advocates for specific changes to unlock value.
Last week, activist hedge fund Elliott Management revealed it had invested $1 billion in storage maker Western Digital (NASDAQ: WDC) , and then disclosed its letter to management, which proposes the company split its business in two.
For further details see:
This Investor Thinks Western Digital Can Nearly Double if It Does This 1 Thing