market folly

Starboard Value's Jeffrey Smith recently appeared on Anthony Scaramucci's rebooted version of Wall Street Week.  In his appearance, Smith talks about his career background, how he got into investing, and of course activism.

On his approach, Smith says, 

"We look at businesses as to how they can be run better for the long-term.  We're looking at how companies can earn more money, be more profitable for the long-term. We're looking to make changes to those companies so they can run better.  But we're also willing to ask the shareholders what they think, to provide shareholders with a choice."

We also recently highlighted that Starboard took a stake in Brink's.  He said if you look at their margins, they're half of their main competitor.  So the thesis here is pretty simple as Smith thinks they can improve their margins and work with the company.

Embedded below is Jeffrey Smith's interview on Wall Street Week:



If you missed it, be sure to check out other Wall Street Week episodes like their interview with Carl Icahn, their interview with Jeff Gundlach and with Barry Rosenstein as well.