You Can't Control Activist Investors, But You Can Control What You Do About Them
Activist investors generally get involved with a company because they want management or the board to do something. And that's exactly what you need to understand when you see an activist investor taking a big stake in a stock you own. What happened at Beyond, Inc. (NYSE: BYON), which was formerly known as Overstock.com, is a great example.
Overstock.com started life as a discount retail website that sold exactly what its name implied -- overstock items and products that weren't selling well elsewhere. It dealt in close-outs, drawing customers with cheap prices. It has been a work in progress for a number of years, however, shifting most recently toward selling home goods.
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Source Fool.com
