1. Activist Investors May Use New Tax Law to Push for Big Stock Buybacks

    Activist Investors May Use New Tax Law to Push for Big Stock Buybacks

    Activist investor Glenn Welling of Engaged Capital succeeded last year in getting two directors installed onto the board of Benchmark Electronics Inc. ( BHE ) as part of a campaign targeting reforms to the company's working capital management and capital allocation plans. Afterwards, the company installed a new CEO . Its share price has mostly been on an upward trajectory since, trading recently around $30 a share...

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    1. We should see a capital allocation bonanza with Benchmark Electronics in 2018.
    2. We believe aside from buybacks and dividends, this [repatriation] could spark further M&A in software.
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