ValueAct Sees Value In Rolls-Royce Despite Mismanagement
Rolls-Royce is in the midst of an investment period, and near-term financial performance will continue to deteriorate as the company transitions to a formidable base of recurring revenue from long-term maintenance contracts. That's according to ValueAct Capital's second quarter letter to investors, as reviewed by ValueWalk.
Jeff Ubben’s ValueAct Capital took a 5.5% stake in Rolls-Royce during the second quarter of this year. The fund went on to double its stake during November after the troubled aerospace engineer . . .
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