Jeremy Raper is going FAR
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Jeremy Raper returns to the podcast to discuss his recent semi-activism at FAR Ltd. FAR recently received a bid that Jeremy thinks dramatically undervalues the company, so Jeremy is pressuring the company to cut costs and aggressively return capital to shareholders.
My tweet thread on FAR: https://twitter.com/AndrewRangeley/status/1496863885122539520?s=20&t=UK4pHbZdyRecEFP_I46_UQ
Chapters
0:00 Intro
1:50 FAR overview
7:20 Recapping the valuation case
13:10 Acquirer optionality at FAR
16:45 FAR's historical mismanagement
23:10 What put FAR in play
31:00 Jeremy's proposal for FAR
36:45 What if management goes scorched earth here?
48:40 Closing FAR thoughts
50:15 LastMinute (LMN) discussion