When promoter holds 65% stake in BBTC, what any activist investor can do ?
Management never had intent to unlock value but still the stock has gone up 10 times in the past 10 years even after the underperformance seen for the past 6 years. Between 2006 and 2014, stock price remained same and then between 2014 and 2017, its a ten bagger. It is this underperformance for several years that is going to give high returns if gradually weightage in portfolio is increased every underperforming year.
Such deep value stocks are for different kind of investors who wish to invest for decades.
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