great article, I started a position in BC about month ago and after all my research I still learnt new things from reading your article.
BTW I like the way your articles are structured starting with the thesis followed by a description of the company as a whole. It really irritates me when you sometimes read a thesis and there isn't much information on what the company actually does besides what you've read in the thesis.
great article, I started a position in BC about month ago and after all my research I still learnt new things from reading your article.
BTW I like the way your articles are structured starting with the thesis followed by a description of the company as a whole. It really irritates me when you sometimes read a thesis and there isn't much information on what the company actually does besides what you've read in the thesis.
Thanks for the in depth write-up!
Jacobs selling down their stake and putting in Peter Feld does make you wonder how long they will still be owners, no?
Thanks, you’re welcome!
Indeed. I struggle to imagine a trade buyer or LBO for the whole business (at a price Jacobs would like).
Therefore it seems most likely that Jacobs want a high share price in order to keep reducing their stake with placements into the market.