Shareholder activism is not a privilege; it is a right and a responsibility. When we invest in a company, we own part of that company and we are partly responsible for how that company progresses. . . Mark Mobius
New York, NY (PRWEB) April 29, 2013
The Abernathy Group II, LLC, announced today that its co-founders, Steven Abernathy & Brian Luster, along with Michael Rule, will deliver the keynote presentation, Shareholder Activism: Generating Uncorrelated Returns in Your Portfolio, at The American Association of Individual Investors (AAII) South Florida Chapter meetings.
In order to accommodate its membership and guests, there will be two meetings, the first on Tuesday, May 21, 2013, at 7 p.m. at the PBC South County Civic Center in Delray Beach; the second meeting will be held on Wednesday, May 22, at 10 a.m. at Charles Schwab in Fort Lauderdale.
“We are thrilled that AAII has extended this invitation to our firm to discuss shareholder activism. Our presentation addresses three fundamentals of modern activism and its cycle,” says Brian Luster, “First, the vantage point of the activists themselves—and how to become one; second, the elements of the value creation process; and finally, what everyone wants to know—how, and where in the cycle, there is a price increase in the stock generated by activism.”
Why does shareholder activism work—and what is the best way to become involved? A far cry from the notorious headlines of 1980’s-style corporate raiding, today’s sophisticated activist investors are change agents who determine where alterations are needed within a company to unlock its value and therefore raise value on under-performing stock.
Steven Abernathy asserts, “Usually targets of shareholder activism involve a dimension of bad decisions or corporate mismanagement. Often, what's needed is a change in management or corporate boards, re-allocating of resources, closing divisions, buying companies, or other value-enhancing modifications to realize full value. The overriding principal in force is that the shareholder activist is a shareholder—and their vision involves optimizing return for fellow shareholders—plain and simple.”
Abernathy and Luster will present two case studies of current shareholder activism targets and their findings. According to a recent IRRC Study from the IRRC Institute and Proxy Governance, “Companies in which activists gained board seats outperformed peers by 1660 basis points (16.6%) from the date of the contest through a year after election date.”
“When partnering with presenters for the Southeast Florida chapters, I look for those who are best in class in their field who’ll deliver an unbiased presentation from a deep knowledge base,” says Joe Giuliano, Chapter Vice President and Program Manager, AAII, “There’s a trend of activist investors bolstering returns of the companies they work with. Our members want to know if the activists will enhance returns when they evaluate which stocks to purchase. Mr. Abernathy and Mr. Luster did a great job for us before and it will be great to have them back to share their expertise about shareholder activism.”
Want to learn more? Contact us.
About The Abernathy Group II:
Steven Abernathy and Brian Luster co-founded The Abernathy Group II Family Office and the country's first Physician Family Office (PFO). The Abernathy Group Family Office sells no products, receives no commissions, and is independent, employee-owned, and governed by its Advisory Board comprised entirely of thought-leading professionals. They are regular contributors to several publications and blogs including The Huffington Post.
About APB Financial Group:
APB Financial Group is a full service, independent broker dealer, offering independent research, discreet sales and trading, selective capital introduction, and commission management. The Shareholder's Rights Division is a Fundamental Value Catalyst-Driven Independent Activist research provider, dedicated to offering financial services, hedging strategies and other resources to the activist and investment community. APB Financial Group is an affiliate of The Abernathy Group II
AAII is a nonprofit organization that arms individual investors with the education and tools they need to build wealth. From stock investing to financial planning and retirement funding, AAII covers all your needs. For more information about the program or AAII, click here. To learn more about membership at AAII, visit their membership page.
The information contained in this press release is provided solely for convenience purposes only and all users thereof should be guided accordingly. The Abernathy Group II does not hold itself out as a legal or tax adviser. If you wish to receive a legal opinion or tax advice on the matter(s) in this report please contact our offices and we will refer you to an appropriate legal practitioner.