A lesson in Valuation- Peltz letter to Cadbury Schweppes
I always like to read activist shareholders letters to company management. They reveal business thinking and I learn from them insight to the industry I am following.
In this case Peltz is prolific in his letters to companies he invest in. His letter is no short of a thesis for strategic plan. I urge you to look up his letters in Sec filing they are very informative.
Here is a link of a letter he sent to Cadbury Schweppes's board, my favourite candy, so do not skim on the chocolate to improve margins please, you can read it here.