Osteotech, Inc.
Thesis
Osteotech was a situation where a large institutional investor asked us to partner with them. We ran a campaign to replace the entire board, and it was a good investment that resulted in shareholders making a 100% return in less than a year from the time we became involved.
Did it work?
worked
confidence: low
The thesis describes an activist campaign at Osteotech that replaced the entire board and, per the pitch's own account, delivered a 100% shareholder return in under a year — a decisive realization of the long thesis. However, no independent price data is available to corroborate the claimed return, so the verdict rests entirely on the thesis's self-reported outcome.