When activist investors get involved in a stock, it's not uncommon for that stock price to rise. Unfortunately, investors tend to have short attention spans, so sometimes those stocks plummet before things get better. However, those who wait patiently can often enjoy the benefits of following an activist into a stock.
At the 2024 13D Monitor Active-Passive Summit, Keith Meister of Corvex Management highlighted three companies his firm has invested in after following fellow activists into their stocks.
Corvex seeks great companies at reasonable prices. Meister said investors can often find great companies at reasonable prices when they're...