$PRGO is exactly the kind of situation where an activist should show up. Years of underperformance, serial restructurings, and multiple failed turnaround narratives have destroyed credibility. The Board should stop pretending this is a temporary execution issue.
I also think bears may be overestimating dividend-cut risk. Mgmt has kept the dividend for more than two decades, and the pending dermacosmetics sale proceeds are explicitly intended for debt reduction. Add IF strategic review & the setup looks dangerous for shorts. $PRGO
At this point, if you’re short, you’re betting against a potential corporate action, against asset-sale optionality, and against balance-sheet improvement — all while paying meaningful carry. Bears have had their win. Take the money and run. $PRGO
Best path forward: break it up, sell the assets, reduce debt, and return capital to shareholders. Enough with annual “transformation” plans. Shareholders deserve a real strategic review, not another restructuring press release. $PRGO
What is the best $CSU writeup / Substack or investor letter that describes the history, culture, M&A strategy / criteria, track record and thesis? Want to share it with folks unfamiliar with it and want to do it justice to get them up to speed
In the finals — need help 🙏
TE: Brock Bowers or Harold Fannin?
#FantasyFootball #FFTwitter #StartSit #NFLWeek17 #fantasyfootballadvice
86%Brock Bowers
14%Harold Fannin
7 votes • Final resultsIn the finals — need help 🙏
WR: Drake London or Courtlan Sutton?
#FantasyFootball #FFTwitter #StartSit #NFLWeek17 #fantasyfootballadvice
78%Drake London
22%Courtland Sutton
18 votes • Final resultsCan Joe Burrow be trusted to start in my fantasy semifinal (I stupidly sat Stafford yesterday due to fear of bad weather in TNF)? #FantasyFootball
Added 50% to existing $CPNG position. Now a 7% position. Most buys made under $17. I expect $40 to $50 by 2030
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Looks bullish $MRVI bloomberg.com/news/articles/…
