+0.0
net board stance
what this means
269.11
-2.2% · close 2026-09-08
+4% / +14% / +54%
1m / 3m / 12m
+14%
vs SPY since 2021-11-13
91%
of 52w range · -3.3% off high
—
hit rate as primary
Where we stand — 0 live ideas
No active idea holds this ticker. Anything below is history.
Where the winds are blowing
NET BOARD STANCE, LAST 47 EPISODES —
rising = the besties are building this position, falling = abandoning it. Replayed from
score_events; an idea counts from birth until its window closes.
PRICE VS SPY OVER THE SAME WINDOW, % — did the
talk lead the tape or follow it?
Who's pushing which way
each voice's net push ON THIS TICKER — their most recent stance per idea × the idea's direction × strength, so supporting a bearish idea pushes down. Not conviction (that lives on the idea); this is direction of travel per person. what w= means
Track record on JNJ
No closed window has used this ticker as its primary play, so there is no scored record here yet. Adjacent plays are listed but never scored.
| idea | call | play | verdict | R | α | closed |
|---|---|---|---|---|---|---|
| 📈 Deconglomeration wave - activists break up conglomerates and unlock value | ▲ LONG | adjacent | MISS | -18.8% | -5.3 | 2022-11-13 |
The tape — what was actually said
every capture on any idea holding JNJ, newest first · quotes verbatim, timestamps deep-link into the episode
Sacks
support ×2
▲ on
📈 Deconglomeration wave - activists break up conglomerates and unlock value
E55 · 2021-11-13
▶ 1:17:06
the benefits of focus are immediate, the benefits of synergy are hypothetical. ... What's going to fuel all this sort of deconglomeration is that the benefits of focus to a company are so huge that the reason why it doesn't happen is because of this instinct that all these managers have for empire building.
Chamath
support ×2
▲ on
📈 Deconglomeration wave - activists break up conglomerates and unlock value
E55 · 2021-11-13
▶ 1:16:30
My point is now we're in this cycle where these conglomerates will get ripped apart so that a brighter, fresher, and probably younger group of executive management can take a different spin on these companies and actually do some... For example, the J&J spin out is really exciting because you take med devices in pharma and you separate it from a really struggling, complicated consumer goods package business, the shampoo, the Q-tips, the Listerine, get all that off-balance sheet.
Friedberg
support ×3
▲ on
📈 Deconglomeration wave - activists break up conglomerates and unlock value
E55 · 2021-11-13
▶ 1:09:01
So the way to increase shareholder value is to actually split those businesses up. And then the investors that want to own the aviation business will pay more, and the investors that want to own the health care business will pay more. And the overall value of those two businesses goes up by having them be separate. ... They'll buy a bunch of shares, they'll instigate and say, hey, you guys should break up, the share price will go up by 20, 30%. So if you want a stock tip of the day, go find a set of conglomerates that are going to get attacked and broken up.