Wendy’s attracts two activists

WENDY’S CO. $20 is a hold. The company (Nasdaq symbol WEN; Consumer sector; Shares outstanding: 214.3 million; Market cap: $4.3 billion; Dividend yield: 5.0%; Takeover Target Rating: Medium; www.wendys.com) is a leading quick-service restaurant chain with more than 7,000 locations worldwide. Founder Dave Thomas named the burger chain after… Read More

We agree with Elliott on these two

Activist investor Elliott Investment Management is now targeting two firms it feels could boost shareholder value with asset sales or spinoffs. We agree with its proposals, and see both stocks as attractive buys.
CROWN CASTLE INTERNATIONAL CORP. $117 is a buy. The company (New York symbol CCI; Manufacturing… Read More

Western Digital opts for a spinoff

Under pressure from activist investor Elliott Management, Western Digital will now break itself into two separate firms—one will make traditional computer hard drives, and the other will focus on flash memory products. (Manufacturers of mobile phones, digital cameras and other devices use flash chips to… Read More