Post-Pandemic Bets: ECM Watch
Nov 19, 2021
Meanwhile, special situations and activist investing will play outsized roles coming out of the pandemic, according to panelists at a conference on Thursday hosted by The Edge Consulting Group. Stocks including Uber Technologies Inc. and General Electric Co. contain hidden value that could be unlocked as the economy normalizes, investors and analysts said at the non-profit event benefiting The Alzheimer’s Association.
“A lot of people take a look at the academic research and say ‘If you bought all the spinoffs, did you outperform the market or didn’t you?’” Joel Greenblatt, co-chief investment officer for Gotham Asset Management, said in a presentation. “I think that’s the wrong question. The right question is ‘Are spinoffs a place to find mispriced securities?’”