Q: Hi. You recently had Citrix as an aggressive hold in your Spinoffs & Takeovers newsletter. Citrix just announced its CEO was stepping down, and the stock has been selling down since the announcement. Do you have any details as to the circumstances surrounding the CEO’s departure? Does it have anything to do with the activist investor hedge fund Elliott Management? Has your opinion on the company changed since this development? Regards.

A: Citrix Systems, $99.77, symbol CTXS on Nasdaq (Shares outstanding: 124.2 million; Market cap: $12.5 billion; www.citrix.com), sells products and services to corporations to let their employees remotely access all the software, apps and data they rely on to do their jobs.

Instead of installing individual… Read More