Published: March 8th, 2021
Ancora’s head of alternative investments discusses why retailers should consider sale-leasebacks and how ex-CFOs and founders can help drive an activist campaign.
Struggling retailers should consider selling and leasing back real estate to boost their valuations, according to Jim Chadwick, head of alternative investments and portfolio manager at Ancora Advisors LLC.
Big-box retailers own real estate that is effectively not getting any value from the markets and in some cases the market isn’t even aware of due to limited disclosure requirements, Chadwick said during the latest episode of The Deal’s Activist Investing Today podcast.
such as southeastern on dell, for example, or some of the opposition to the pcs-t-mobile deal. activism has been bigger than ever and so we are focused today on a number of dint guests who will join u and barry rosenstein from janna amongst others and we ll have news as well very shortly. wherever you are, david, there generally is news whether people want to know about it or not so we ll talk to you soon. in the meantime, we re coming off a turbulent week and saw volatile markets and all of the developments over the marathon bombing in boston one week ago today. the tacit approval over japan s monetary easing policy and no one will mess with the boj and they got green arrows on the continent at least in the early going. our road map begins like this. the markets and futures pointing to a higher open even with mixed earnings from caterpillar as they attempt to recover from the worst weekly performance in months. shares of caterpillar turning off pre-market after selli
further budget cuts. and the european stocks hit a one-month low. plus, samsung is forecasting a 50% profit jump for the first quarter. announcer: you re watching worldwide exchange, bringing you business news from around the globe. all right. now, it may be easter week, but there s enough for you to look at. enough view? enough for you. enough for me to look at? yes. what do you mean? volatility, there s oh, i see. plenty going on. it s very busy. for a short week, it s felt like one of the longest weeks, despite the fact that it s only been four days. look at some of the trading session charts. 32 to 65 yield range day. especially when you have a yield that s that low. it magnifies what we re talking about. let s remind you of what is on today s show. plenty to get to. we ll speak about the ongoing fiscal crisis in italy. she says a return to the polls in the coming months is now likely. and we ll head to milan taking the polls to the luxur
settled below $94. meanwhile, the market expects 192,000 jobs were added to payrolls, while the unemployment rate remained steady at 7.7% in march. from president obama to movie fans around the world, there s a collective farewell thumbs up to roger ebert. the award- winning film critic passed away thursday afternoon following a battle with cancer. he was 70 and essentially worked up to his last day. and the wall street journal reports hewlett packard chairman ray lane has steppind down. he ll be replaced by board member ralph whitworth. scott bauer of trading advantage joins us on this jobs friday for a closer look at the market action. good morning to you. and is there any trade off of this number today? - good morning angie. the trade is really to sit back and wait. if we get any sort of negativity, any sort of bad number that comes out here, you are going to see just a bevy of buyers coming in. the market down, with the s&ps, if the market hits around 1545, 1540, that s
s&p had a real wild, volatile ride today. we get straight to the markets right now with jeff levinthal, cnbc contributor ron insana and chris hizey from u.s. trust. gentleman, good to have you on the program, thank you so much for joining us. steve, let me kick this off with you. would you put new capital to work, steve? right now, the party s done so well, it would be very common to expect a 5, 10% correction, but the fed is still very accommodating, we still have great value, so we are still putting money to work. we re still overweight equities and still overweight real estate, especially international. real estate and equities. jeff, how do you see it? we re bullish on equities, but we re not putting money to work right now. like the last three years, there s been a sell in may and go away, and we think there s a correction coming. how significant a correction would you expect? you know, maybe 10 to 15% and that would be an entry point for us that we would feel