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Starboard takes a stake in Tripadvisor. How the activist may bolster value
CNBC· 2025-07-12 12:35
Company Overview - Tripadvisor is an online travel company operating through three segments: Brand Tripadvisor, Viator, and TheFork, connecting travelers with partners through content and marketplaces for various travel categories [1] - Tripadvisor.com is the largest travel guidance platform globally, with 300 million monthly unique visitors, over a billion reviews, and $900 million in revenue [4] - Viator is a rapidly growing booking platform for tours, expected to generate over $900 million in revenue this year [4] - TheFork is the largest online restaurant reservation marketplace in Europe, projected to generate over $200 million in revenue this year [4] Valuation and Market Position - Tripadvisor trades at a significant discount, around seven times EBITDA, compared to low to mid-teens for peers and higher historical multiples for itself [4] - The decline in Tripadvisor's core business revenue by 7.95% from 2023 to 2024 is a contributing factor to its current valuation [5] - Despite the decline, Viator and TheFork are growing, with Viator matching Tripadvisor's revenue and TheFork achieving high single-digit growth [5] Activist Involvement - Starboard Value has acquired a 9.01% stake in Tripadvisor and plans to engage with management regarding value creation opportunities [2][3][6] - Starboard's investment strategy may include maintaining the status quo if revenue growth resumes, focusing on operational efficiency, or exploring strategic sales of segments like TheFork [7] - TheFork could be valued at approximately $1 billion based on a five-times revenue multiple, representing about 40% of Tripadvisor's total enterprise value [7] Governance and Shareholder Sentiment - Tripadvisor's governance issues, including controlled ownership and weak shareholder protections, have historically impacted its valuation [5] - Recent shareholder discontent was evident at the annual meeting, with three directors receiving significant withhold votes, although a proxy fight is not anticipated [9] - Starboard's engagement may lead to improved board representation and a partnership approach rather than a confrontational stance [9]
Another Ford Recall: Fuel Pump Defect Affects 850,000 Vehicles
ZACKS· 2025-07-11 15:20
Key Takeaways Ford recalls 850,318 vehicles due to potential engine stalls from faulty fuel pump performance. Affected models include 2021-2023 Bronco, Explorer, F-series trucks and Lincoln SUVs. F recalls all units to identify faulty pumps and will notify owners when solutions become available.Ford Motor Company (F) has announced its 89th recall this year due to issues in its low-pressure fuel pump. According to the report filed with the National Highway Traffic Safety Administration, affected models are ...
Ford Recalls Over 850,000 Vehicles—Including F-150s, Expeditions And Mustangs—Over Possible Fuel Pump Failure
Forbes· 2025-07-10 16:40
Core Points - Ford Motor Company is recalling over 850,000 units due to low-pressure fuel pumps that may fail, potentially leading to engine stalls while driving [1][2] - The National Highway Traffic Safety Administration (NHTSA) has indicated that the fuel pump issue increases the risk of a crash, and a remedy is currently under development [2][3] - Ford has noted that fuel pump failures are more likely to occur in warm weather and under hot fuel conditions, with signs of imminent failure including poor engine performance [3] Affected Vehicles - The recall affects 28 models, including the 2021-2023 Ford Bronco, 2022 Ford Expedition, 2021-2023 Ford Explorer, and several Super Duty models [4][5] - Ford has recalled more than 1,600 units this year for various issues, including damaged wire harnesses and overheating batteries [4]
Ford recalls 850K vehicles over fuel pump failure that could cause engine stall
New York Post· 2025-07-10 15:17
Ford Motor is recalling more than 850,000 US vehicles due to a fuel pump failure, which could cause the engine to stall and increase the risk of a crash, the National Highway Traffic Safety Administration said Thursday.The recall impacts certain 2021-2023 Bronco, Explorer, Lincoln Aviator, F-250 SD, F-350 SD, 5-450 SD, F-550 SD, 2021-2022 Lincoln Navigator, Mustang, F-150 and 2022 Expedition vehicles.A fuel pump defect could stifle fuel delivery to the engine in affected vehicles, potentially causing an eng ...
Ford's Enticing 0-0-0 Offer: Can it Heat Up Summer Car Sales?
ZACKS· 2025-07-09 16:15
Key Takeaways Ford unveils a national 0-0-0 offer with employee pricing and zero upfront or financing costs. The offer spans select 2024-2025 Ford and Lincoln models, including the F-150 and Mustang. Ford extends its EV-focused Power Promise, offering a free charger and installation through Sept. 30.Ford (F) , one of the top-selling auto brands in the United States, is ready to capitalize on the peak driving season brought by the summer. As people plan on road trips, the company is lowering its upfront co ...
Ford's Intensifying Recall Crisis: A Red Flag for Investors?
ZACKS· 2025-07-08 14:50
Key Takeaways Ford's recall pace in 2025 has already outstripped its total recalls from the entire previous year. Most recalls require physical repairs, signaling deeper design and manufacturing flaws at Ford. A recent recall hit 200,000 vehicles over rearview camera failures across multiple popular Ford models.U.S. legacy automaker Ford (F) is racking up recalls at a troubling pace in 2025, raising serious concerns about quality control and rising costs. In just the first five months of the year, Ford is ...
AI in Action: OpenText Empowers Knowledge Workers Across Industries with Personalized AI Productivity Tools
Prnewswire· 2025-07-08 13:00
Company expands Aviator strategy with the introduction of MyAviator, a Secure Personal AI AssistantWATERLOO, ON, July 8, 2025 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), continues to set the benchmark in Information Management with its AI-first strategy, leveraging agentic AI and its suite of Aviator solutions. By embedding AI-driven automation into diverse industry use cases, OpenText is redefining work by enabling organizations to bring Digital Knowledge Workers into their daily workflows to re ...
Ford recalls more than 200,000 vehicles with software glitch due to crash risk
Fox Business· 2025-07-03 00:40
Core Point - Ford Motor Company is recalling over 200,000 vehicles due to a software malfunction affecting rearview cameras, which increases the risk of crashes and potential injuries [1][6]. Group 1: Recall Details - The recall involves 200,061 vehicles, including models from 2018 to 2024 such as Transit Connect, MKZ, Edge, Continental, F-150, Nautilus, Fusion, Ranger, Mustang, EcoSport, Expedition, Navigator, Escape, F-250 SD, Corsair, Aviator, Transit, Explorer, Bronco Sport, and Maverick [2]. - A software error may cause rearview cameras to display a blank or frozen image when the vehicle is in reverse, which can distract drivers and reduce visibility [3][6]. Group 2: Customer Support and Actions - Affected vehicle owners can visit dealerships for free software updates to resolve the issue [9]. - Notification letters to owners are expected to be sent out by July 28, and customers can contact Ford customer service for inquiries [12].
Ford recalls 133K SUVs over loose parts that can detach while driving
New York Post· 2025-06-24 15:05
Ford is recalling nearly 133,000 SUVs over two parts that can detach while the car is in motion, potentially causing a road hazard and increasing the risk of a crash, according to the National Highway Traffic Safety Administration. The rear door window bars and C-pillar trim, which is located near the back windows, may have insufficient adhesive bonding, which can allow the trim to break loose from the vehicle.The recall includes 132,914 Lincoln 2020-2025 Aviator vehicles. Ford estimates that 3.2% of these, ...
TripAdvisor(TRIP) - 2025 FY - Earnings Call Transcript
2025-05-29 13:00
TripAdvisor (TRIP) FY 2025 Conference May 29, 2025 08:00 AM ET Speaker0 Alright. Thanks for joining us for the ATM slot on day two of the forty first Bernstein Strategic Decisions Conference. If anyone doesn't know me, I'm Richard Clark. I'm the analyst who covers global hotels and and leisure or leisure at Bernstein. And delighted to have Matt Goldberg with me today, the, the president and CEO, of TripAdvisor. Welcome. Speaker1 Thanks for joining us today. Thank you, Richard. Speaker0 So, I mean, look, let ...