IPO Edge editor in chief John Jannarone told viewers of Real Vision’s Trade Ideas that Colony Capital (CLNY), a beaten-down REIT, is set to recover from a merger that sent its stock tumbling off a cliff in 2017.
The three-way merger was “misguided” and the company struggled from the beginning to match up smoothly with the other two companies, Jannarone said.
The turnaround point for CLNY began earlier this year, when an activist investor, Blackwells Capital, got involved. Jannarone has a source close to Blackwells who told him that the activist investor will require Colony