Turnaround
2 managersinvestment caseA troubled business where the thesis is repair, under new management or a new plan.
Managers: Elliott Investment Management L.P., Starboard Value LP
Companies: CarMax, Inc., Phillips 66
What managers are arguing, and who agrees
Every tag comes from a closed list applied to what a manager actually wrote in a public filing, and was reviewed by a person. Shared themes are listed first: a tag two managers reach independently is worth a look, a tag one manager uses is just a label.
Each claim behind a theme is the view as filed on its date, not a current recommendation.
Reached by more than one manager
Every theme in the set
| Theme | Axis | Managers | Claims |
|---|---|---|---|
| Turnaroundcase.turnaround | investment case | 2 | 3 |
| Cost programmedriver.cost_programme | operating driver | 1 | 3 |
| Margin inflectiondriver.margin_inflection | operating driver | 1 | 2 |
| Divestiturecapital.divestiture | capital allocation | 1 | 1 |
| Special situationcase.special_situation | investment case | 1 | 1 |
| Board changegovernance.board_change | ownership governance | 1 | 1 |
| Management changegovernance.management_change | ownership governance | 1 | 1 |
| Three to five yearshorizon.three_to_five_years | horizon | 1 | 1 |
| Execution riskrisk.execution_risk | risk | 1 | 1 |
| Sum of the partsvaluation.sum_of_parts | valuation | 1 | 1 |