Category Archives: Opps

Relational Investors Gets Results v.2.0: Timken Announces Spinoff

Spinoffs and retirements to follow. We have been following the Timken saga since late last year. As you recall, Underdisclosed.com favorite Relational Investors, along with CalSTRS, has been harassing Timken Co. to separate its steel and ball bearing business.  They … Continue reading

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Starboard Grows Impatient With Emulex

One of the large hedge fund investors in Emulex Corp. dashes off angry (or disappointed) letter urging immediate action. We have been tracking the Emulex Corp. odyssey for a while now.  In July, we noted that that ELX jumped on … Continue reading

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Plenty Of Room On The Bandwagon As Starboard Takes A Big Stake In Elliott Associates Project Emulex Corp.

Starboard Value takes the Fantastic Voyage with Elliott Associates as it awaits Emulex Corporation’s sale. It is always heartwarming to see two of our favorite funds working together, sort of. Starboard Value disclosed a 6.9% stake in Emulex Corporation in … Continue reading

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lululemon athletica Makes A Sexy Debut In The Opps Tracker

CEO resignation after transparent pants debacle sparks reconsideration of company performance. You may recall that the difficult-name-to-type lululemon athletica made the news in March after pulling a line of black yoga pants because they became see-through, which is not what you want … Continue reading

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Relational Investors Gets Results: Timken Hires Goldman Sachs To Review Whether Timken Should Break Off Business Units

Breaking up is hard to do, but Timken will take a look anyway. We have followed the saga of Relational Investors’ and CalSTRS’ attempt to get Timken Co. to separate its steel and ball bearing businesses. There are now reports … Continue reading

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Proxy Battle for The Timken Company In Full Effect. Timken Sends Letter to Shareholders Criticizing Proposal from Relational Investors and CalSTRS

Timken warns shareholders not to be fooled by misleading dissident campaign. We have been following the Timken/Relational-CalSTRS saga for a while now. It is now in full proxy fight mode.  The latest is Timken’s launch against the dissidents with a … Continue reading

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Emulex Corporation and Elliott Associates Enter Into Agreement For Standstill, Board Seats

Hedge Fund gets closer to the driver’s seat with Emulex. We’ve been following the Emulex/Elliott saga for a while now and watched as one of our favorite hedge funds was working from the outside to create some value at Emulex, … Continue reading

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Update to Opps Tracker Discussion of Emulex Corp. In PRO Reports Now

We have updated our discussion of the stock price movements of Emulex Corp. (ELX) and the updates to the Opps Tracker in our PRO Reports section.

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Update on The Timken Company and the Activist Investors Who Love It In Our PRO Reports

New PRO Report on The Timken Company and Underdisclosed’s super-awesome results, thanks to a couple of activist investors. Join now to get our PRO Reports!

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Opps Tracker Pick Emulex to Announce Earnings This Week

Emulex Corp. (ELX), an Opps Tracker pick, is scheduled to release earnings on Thursday, January 31, 2013. Emulex is down from our Opps Tracker price point of $7.41.  However, we did not pick Emulex on fundamental analysis.  Rather, as we … Continue reading

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