Bloomberg has an interesting article on identifying activist targets before they are targeted. It’s a great idea, and exactly the same reason for the existence of Acquirer’s Multiple: Investors love to follow activist money managers who take big positions in a company, often get on the board and then lobby for changes that make the stock rise. One problem with riding the coattails of activists is that their stocks rally sharply the second it becomes known that they have big positions in companies. So you miss out on a lot of their gains. What if you could predict what stocks...