FILE PHOTO: The Phillips 66 gas station in Superior, Colorado, U.S., July 27, 2017. REUTERS/Rick Wilking (Reuters) - U.S. refiner Phillips 66 and biodiesel producer Renewable Energy Group Inc have abandoned
Buying the stocks of good companies on bad news is my favorite investing method. The trick is to find bad news that is real but probably temporary. Each quarter in this column I compile my Casualty List.
NEW YORK (Reuters) - Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them part of nearly half of all activist investor campaigns