Invest Like A Hedge Funder: This Activist Sent Wix Soaring, Here Are 2 Dividend Stocks He Owns
In October 2014, Starboard Value CEO and co-founder Jeffrey Smith made headlines for taking over Darden Restaurants (NYSE: DRI ) by clearing the board and making himself the chairman with an 8.8% stake in the company. His goal was to make its subsidiaries, Long Horn Steakhouse and Olive Garden , more profitable. As of early Tuesday, the activist investor disclosed a 9% stake in website building service Wix.com (NASDAQ: WIX ), which touts millions of registered users worldwide. Here are two dividend stocks Starboard Value holds for the … Full story available on Benzinga.com
Invest Like A Hedge Funder: This Activist Sent Wix Soaring, Here Are 2 Dividend Stocks He Owns
In October 2014, Starboard Value CEO and co-founder Jeffrey Smith made headlines for taking over Darden Restaurants (NYSE: DRI ) by clearing the board and making himself the chairman with an 8.8% stake in the company. His goal was to make its subsidiaries, Long Horn Steakhouse and Olive Garden , more profitable. As of early Tuesday, the activist investor disclosed a 9% stake in website building service Wix.com (NASDAQ: WIX ), which touts millions of registered users worldwide. Here are two dividend stocks Starboard Value holds for the … Full story available on Benzinga.com