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Above anything else, an activist investor should engage other investors early and often. Surprisingly few investors do this at all, and even fewer do so early in the process, even before engaging a portfolio company BoD and management.
Why Engage?
You may have some brilliant and innovative strategic ideas for a portfolio company, founded on thorough, detailed, and rigorous research and analysis. You could have a perfect director candidates. You might insist you're the owner, and the balance sheet needs considerable work.
Companies don't care what you think.
Sure, they say they care, and act like they care, but they really don't. They take your call or your meeting. But, you're only one shareholder.
We elaborate on this, and propose three (or four or five) questions to ask other investors, in a current blog post. |
