Starboard Value's Jeff Smith on Tuesday presented his newest investment ideas across different industries.
Speaking at the 13D Monitor Active-Passive Investor Summit in New York City, the activist investor first touted web services company GoDaddy — the biggest holding in his portfolio as of the end of June. Smith said GoDaddy should target a growth-profitability combination of 40% coming out of 2024. If the firm can achieve this goal, it will generate at least $10 free cash flows per share in the fiscal 2025, Smith said.
mountain GoDaddy Smith's following idea was media conglomerate News Corp , which he said owns a "highly valuable" collection of assets including Dow Jones, book publishing, subscription video services and other news media. The hedge fund manager also highlighted Australian real estate company REA Group, which News Corp invested in. "Realestate.com.
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