DIS - You Can't Control Activist Investors but You Can Control What You Do About Them
2023-10-12 08:55:46 ET
Small investors only have so much say at a company because each individual only owns a tiny fraction of the outstanding stock. But activist investors buy a lot of stock, often amassing multimillion-dollar (or larger) positions so they can get a seat at the decision table.
Right now, relatively small biotech company Azenta (NASDAQ: AZTA) and entertainment giant Disney (NYSE: DIS) are both facing activist calls for change. Here's how to think about such activist activity.
Azenta has a market cap of $2.9 billion, which isn't tiny, but it's hardly a large company in the healthcare sector . The company provides products and services around sample management. Sample management involves the selection, collection, storage, and retrieval of samples (often biological) plus the related data.
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You Can't Control Activist Investors, but You Can Control What You Do About Them