During last January’s episode of the “activist investor Nelson Peltz vs. Disney” drama, we exposed Peltz’s embarrassing track record of investment underperformance. Peltz abandoned his activist campaign against Disney soon afterward, with Disney CEO Bob Iger pledging cost cuts on his first earnings call of the year.
In the time since, the challenges have piled up for Disney, with shares sinking to 2014 lows amidst a summer of bad press for Iger. Perhaps smelling weakness, Peltz is now ordering up a sequel and opportunistically threatening another activist campaign against Iger.
