, Columnist
Stumbling Isn't Humbling for This Hedge-Fund Guy
Mick McGuire won a proxy fight at Buffalo Wild Wings. The stock tanked. Now he's playing hardball elsewhere.
Activist.
Photographer: Amanda Gordon/BloombergThis article is for subscribers only.
In our last episode of “Mick McGuire: Activist Investor,” our hero was flying high.
It was early June, and the young hedge-fund manager, who earlier in his career had played Robin to Bill Ackman’s Batman,1505753333899 had made a kill of his own, winning a proxy battle against Buffalo Wild Wings Inc., the struggling restaurant/sports bar chain. In launching the proxy fight, McGuire1505753384063 promised the company’s investors that he had a plan that would double or triple the stock price, including selling off company-owned restaurants to franchisees, improving “the four-wall margins of the company units,” and “allocating capital efficiently.”