Barron's Activist Stocks 10-18-2008
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Created by barrons3
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Date updated:10-18-2008

Each week Barron's has a 13D Filings column. 13Ds are filed when a fund (usually an activist hedge fund) accumulates more than 5% of a firm and is planning on pushing for change (e.g.a sale of the company, sale of certain assets, a share buyback, or a share dividend) to unlock value.

symbol name last price % change open
  • +
  • ELGX
    Endologix Inc
  • $1.63
  • +33.61%
  • $1.34

A group including Elliott Associates is prepared to offer to acquire all of Endologix's outstanding stock for $2.25 a share. Elliott said that it thinks highly of the company and John McDermott, its new chief executive. Endologix designs and markets minimally invasive products to treat vascular problems. The private-equity firm said that it wants to grow the company "into the successful business we believe it should be." The Elliott group holds 6,332,665 shares (14.5% of the total outstanding).

People owning ELGX also tend to own: ADBECATHLXHPQTTPACEYF.PKAUY

TheStreet.com Rating: D What is this?

  • +
  • LEAP
    Leap Wireless Int
  • $33.75
  • +9.61%
  • $31.06

Hedge-fund Harbinger Capital Partners said that it expects to talk with Leap Wireless executives about how to maximize shareholder value. In December, Harbinger and its affiliates reported holding a passive stake in the San Diego-based provider of wireless-communications services. Harbinger's chief, Philip Falconne, controls 10.23 million Leap shares (14.8%).

People owning LEAP also tend to own: AAPLAMTCOPGOOGIMCLJNJLTR

TheStreet.com Rating: D What is this?

  • +
  • UBET
    Youbet.com
  • $1.21
  • +15.24%
  • $1.02

The New World Opportunity Partners I fund is considering pursuing talks with the online gambling company about possible transactions, including a direct-equity investment or buying Youbet.com outright. New World, an investment firm controlled by Youbet.com CEO Michael Brodsky, said that it might also offer to extend credit to the company in the form of a new loan or debt facility. New World owns about 5.3 million shares (12.8%).

People owning UBET also tend to own: AACCARBXINSPOVTISOLDWPLCDE

TheStreet.com Rating: D What is this?

  • +
  • CSTR
    Coinstar
  • $21.45
  • +5.10%
  • $20.59

Fine Capital Partners reported ownership of 1,569,206 shares (5.6%), after buying 531,200 from Aug. 14 to Oct. 10 at prices that ranged from $24.12 to $33.69. Coinstar operates machines that let consumers exchange coins for bills.

People owning CSTR also tend to own: ADMBPDESCELNENERESLRFXI

TheStreet.com Rating: C- What is this?

  • +
  • MPG
    Maguire Propertie
  • $2.32
  • +58.90%
  • $1.51

California Capital said that it holds 4,650,000 shares (9.7%) of the real-estate investment trust, bought from Sept. 29 to Oct. 7 at prices ranging from $5.81 to $6.23.

People owning MPG also tend to own: AQNTAYIAZRCATYCOMSEACFORM

TheStreet.com Rating: D What is this?

  • +
  • ACTL
    Actel Corporation
  • $12.24
  • +3.64%
  • $11.87

Private-equity outfit Ramius reported owning 1,689,039 shares (6.6%) of the chip maker, bought from Sept. 3 to Oct. 10 at $10.06 to $14.00 per share.

People owning ACTL also tend to own: AFCEAZPNBYDBYICECODCRDTG

TheStreet.com Rating: D+ What is this?

  • +
  • DBD
    Diebold Inc
  • $28.60
  • -1.68%
  • $29.28

A group of funds. including money manager Mario Gabelli's Gamco Investors. raised its position in the automated teller-machine maker to about 4.99 million shares (7.54%) from the 4.71 million (7.15%) it had reported owning in April.

People owning DBD also tend to own: CHKGGLGFNBRPVRRTKSHLD

TheStreet.com Rating: C What is this?

  • +
  • CPN
    Calpine Corp
  • $9.06
  • +9.69%
  • $8.46

A group including SPO Advisory boosted its holdings in the energy provider to 80,047,061 shares (18.9%) from the 75,384,261 (17.8%) disclosed on Oct. 6.

People owning CPN also tend to own: CREEETFCTANUNGVALTRCDE

TheStreet.com Rating: No Rating What is this?

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