Hertz, Marvell Technology See Year-End Boost
Jim Cramer's Action Alerts PLUS pick is one stock that already has an activist investor. Jonathan Marino explains from the Nasdaq MarketSite.
Private equity firms cashed out of car rental company Hertz in March, but now the company is adopting a shareholder rights plan in an attempt to thwart a potential activist investor. And Marvell Technologies has a big private equity firm to count among its shareholders now--as well as a single-digit boost heading into the open. Jim Cramer's Action Alerts pick is one stock that already has an activist investor--the question is, now, will it take on a big share buyback? Jonathan Marino at the Nasdaq Market Site.
