What Toothpaste & Software Have In Common
Toothpaste and software companies don’t typically have much in common, but today they do. Colgate and Salesforce have both attracted the attention of activist investors. 🧐
Starboard Value is picking up shares of Salesforce after they’ve fallen more than 50% over the last year. The fund’s founder, Jeff Smith, says there’s opportunity in the enterprise software maker and that its valuation discount is due to a “subpar mix of growth and profitability.”