Contrarian Corpus
Trian Partners vs. Ferguson plc

Ferguson plc · FERG

1 deck published between 2019-11-14 and 2019-11-14 — 23 pages, 23 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2019-11-14 initial thesis

    2019 11 Trian Ferguson Presentation November 2019

    23pp · conference_presentation

    Ferguson is a US specialty distributor trapped in a UK listing; demerging Wolseley and relisting in the US closes a 10.4x-vs-17.2x EBITDA peer gap.