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Emulex Corporation Message Board

  • deanmortensen deanmortensen May 1, 2014 5:40 PM Flag

    Elliot Management owns 9.3% of ELX shares according to Yahoo Finance...

    Nice to see that Elliot Management, an activist investor, owns a big stake in Emulex. Elliot was successful in pressuring Hess Corporation to make changes last year that helped to create shareholder value. Elliot pressured Hess to sell non-core assets and focus on shale oil development in the Bakken play. I wouldn't be surprised to see Elliot pressure Emulex management to take actions to enhance shareholder value after today's 30% plunge in the stock price. Now Elliot has a substantial loss on its ELX position, and Elliot will be antsy for Emulex management to do something fast to recoup the loss.

    Sentiment: Strong Buy

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ELX
7.990.00(0.00%)Aug 6 3:58 PMEDT