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:
Stocks rallied last week with growing confidence over reaching a deal on raising the debt ceiling and avoiding a technical debt default by the U.S.
The upcoming Q4 GDP reading will be closely watched to gauge the state of the economy, with implications for the potential timing of a recession.
The fiscal cliff might not be a disaster for dividend stock investors after all, suggests James Morrow, portfolio manager at Fidelity.
The S&P 500 is not often down for five consecutive weeks, so one has to think this might be the week the market attempts a rebound. There’s a good chance of a bounce, but whether it happens is another question.
