Starboard Value's Jeffrey Smith, a prominent activist investor, presented three new investment ideas Tuesday at the 13D Monitor's Active-Passive Investor Summit in New York City. Bill Holdings The first pick Smith highlighted was software name Bill Holdings , which he believes trades at a 50% discount to its underlying, intrinsic value. The company helps small- and medium-sized businesses manage and pay invoices. Bill makes money in three ways: subscriptions, transactions and float revenue, Smith said. A Starboard representative recently joined Bill's board of directors. Smith said Bill's various revenue streams decelerated in the aftermath of the pandemic, but he sees a turnaround coming. "The companies didn't take enough action to improve profitability. They'll fix that profile," Smith s

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