For the second time in three years, Big 5 is in the cross hairs of an activist investor group which claims the CA-based retailer is significantly undervalued, and has not implemented a number of changes that would improve results. In addition to the operational changes, the investor group represented by Johnson, Fistel, a securities litigation firm, is insisting that the board change the senior management or, alternatively, look for a buyer. What is not clear about the group is the actual identity of its members or how much stock ownership they have in the company. One member of the group ... Log in to view full article.