1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Third Avenue Management Comments on Symantec

June 06, 2014 | About:

Symantec (NASDAQ:SYMC) operates in security software and iT storage management businesses with its well-known brands, such as Norton. recently, it has experienced management turnover, with its second CEO terminated by the Board in as many years. The surprise announcement was due to what appears to be slower than expected execution of a previously announced new strategy. The company had already started to embark on its new strategy to improve growth capabilities, including restructuring the sales force and eliminating duplicative organizational and operating structures. While not central to our original investment thesis, we have long thought that the company's businesses seem separable and saleable. Strategic firms could be potentially interested in its various businesses, though it could also be interesting to private equity firms given the strong cash flow characteristics of the business.


From Third Avenue Management (Trades, Portfolio)'s second quarter 2014 shareholder letter.


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


GuruFocus has detected 8 Warning Signs with Symantec Corp $SYMC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


pbarker46BV growth, Low E10
akcapitalSmall Cap - P/FCF
vinsandhuROE2
fekafiemdGRAHAM VALUE p/E LESS THAN 15
James LiThe John Neff Screener!
brettHigh Quality Part 2
9gebbbLFG QV Formula
9gebbbLFGQCFormula
kirkP/S Dividend
pbarker46Hist. PB w Median PS
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK