Activist hedge fund Starboard Value owns a little over 5% of AOL, and has been agitating since December for board changes and a refocused strategy. From a just-released 96-slide deck outlining its position, here’s Starboard’s problem with how AOL has handled The Huffington Post since acquiring it in February, 2011 for $315 million. Click to enlarge:
For long-term investors, one of the most difficult tasks is keeping your eyes on the prize.
Two important signals are saying that stocks are not overbought at these levels and the longer-term market trend is still to the upside.
Stock valuations are relatively high in developed markets
The US Treasury market experienced some unusual trading activity, with the UST 2-Year yield surging by 70 bps in February and then tacking on another post-Powell increase of 25 bps, reaching a peak of 5.07%, the first time eclipsing the ‘5%’ threshold since 2007.
