Activist Jeffrey Smith’s Bloomberg Summit Interview and Comments About Targets

Smith feels Brink’s Company (NYSE:BCO) is undervalued as well, as Starboard has a 12.4% stake in the company. Smith believes Brink’s has best in class scale and brand but has dramatically worse margins than its competitors. Smith believes the stock could be worth anywhere from $45 to $73 per share if management adopts his advice. Last week we covered Starboard’s demands and the company’s response in detail in this article. Other elite holders in Brink’s include Matt Sirovich And Jeremy Mindich’s Scopia Capital and Dan Friedberg’s Sagard Capital Partners Management Corp.

Starboard also owns 3.55 million shares of Yahoo! Inc. (NASDAQ:YHOO), a company Smith feels is undervalued. Although Yahoo shares are down 34.9% year to date as Alibaba sinks due to slowing growth and a weakening Chinese economy, Smith is optimistic on Yahoo and believes the benefits of the future spin off of Yahoo’s Alibaba holdings isn’t reflect by the stock price at all. Other major holders of Yahoo include Daniel S. Och’s Oz Management and Christian Leone’s Luxor Capital Group.

Disclosure: none