The Activist Investing Today podcast talked to Michelle Applebaum, a former steel analyst, about why she thinks activists' analytics are quite sound. Applebaum has been nominated by insurgent managers Barington Capital and Land & Buildings for corporate boards.

She also explains why activist investors often represent a consensus view of institutional investors, long before management has figured it out.

Listen to the full podcast above for more insight on activist investing.

This article was written by a staff member of TheStreet.