Cramer reviews the top activist stories of 2019: eBay, Dollar Tree, Bristol-Myers, Bed Bath & Beyond
"Sometimes they reach an accommodation with management and it works, other times they get involved in proxy fights that distract the people running the show and the trade falls apart," the "Mad Money" host said.
Activist investors such as Starboard Value, Elliott Management and Legion Partners, among others, have made plays in recent months to shake up management at a number of companies.had a reputation as being the best run in its industry group, but its stock plunged in the wake of the company's acquisition of its worse-off competitor, Family Dollar.
The stock is now up more than 21% this year, and up about 12% since the "win-win" call was made, Cramer noted. It's about 2 points off of its 52-week high. Come March, both entities were collaborating to unlock value, he said. EBay gave Elliott seats on its board to mollify the activists, and a major strategic review was initiated, he added.
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