Barron's Activist Stocks 10-27-2007
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Created by barrons2
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Date updated:10-27-2007

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.

See Hate list below where funds filed 13Ds showing a new decrease in particular positions.

symbol name last price % change open
  • +
  • MVCO
    N/a
  • $10.00
  • 0.00
  • $10.00

An investor group including John Ziegelman and CD Capital Management are calling for the company to hire an investment bank to look at strategic alternatives, including a sale. Ziegelman is disappointed with the management of the company's business, and believes that it should "immediately be put up for sale in order to maximize long-term shareholder value." Ziegelman also believes that there are "several financial and strategic purchasers potentially interested in acquiring Meadow Valley." The CD Capital group holds 345,700 shares (6.7% of the total outstanding).

People owning MVCO also tend to own: MSFTPPRDXAEYAMACANGNBITSBRR

TheStreet.com Rating: No Rating What is this?

  • +
  • HXL
    Hexcel Cp Delawar
  • $10.90
  • +0.28%
  • $10.76

Hexcel shareholder OSS Capital Management suggested several candidates for the structural-materials company's board. Hexcel didn't say whether it would make a formal proposal of its nominees to shareholders. In a July letter to Hexcel's chief executive, OSS Capital urged the company to retain an investment bank to explore Hexcel's strategic alternatives. OSS said it was concerned with a decline in the company's gross margin, despite an increase in sales. Hexcel currently owns 5.29 million shares (5.6%).

People owning HXL also tend to own: HANSRSHAAPLCCAKECSCODNDN

TheStreet.com Rating: C What is this?

  • +
  • CTO
    Cons Tomoka Land
  • $33.65
  • -1.90%
  • $34.21

Wintergreen Advisers requested that the company name Adolfo Henriques to its board. Wintergreen Advisers currently holds 1.36 million shares (23.9%).

People owning CTO also tend to own: FURGEHLGETIMBRXPTEKPWEITELK

TheStreet.com Rating: C- What is this?

  • +
  • OEH
    Orient-express Ho
  • $8.68
  • -2.14%
  • $8.74

Dubai Holding, part of the business empire of the United Arab Emirates' ruling al Maktum dynasty, said it may consider making an offer to acquire the Singapore-based hotelier. Dubai Holding, which is run by Mohammad al Gargawi, the UAE minister of state for cabinet affairs, said it began acquiring Orient-Express shares in order to prevent another shareholder, Indian Hotels Co., from acquiring a significant stake in the company. Dubai Holding currently has 3,911,611 shares (9.2%).

People owning OEH also tend to own: AAAAPLACASBTUCATCSCODUK

TheStreet.com Rating: D What is this?

  • +
  • WBSN
    Websense
  • $15.96
  • +0.25%
  • $16.00

Shamrock Activist Value Fund reported ownership of 2,271,465 shares (5.03%), after buying 1,310,100 from Aug. 21 to Oct. 12 at prices ranging from $19.31 to $21.62 each.

People owning WBSN also tend to own: AIRNALVRARTXASVIATWBRYCHK

TheStreet.com Rating: C- What is this?

  • +
  • CMRG
    Casual Male Retai
  • $2.55
  • -3.41%
  • $2.52

Chilton Investment raised its stake to 8.4 million shares (20.1%), from 7.97 million (19.2%) reported in July.

People owning CMRG also tend to own: GLDSLVSPYUSOAMKRANHASTM

TheStreet.com Rating: D- What is this?

A group including Loeb Partners raised its holdings to 645,811 (8.15%), from 549,211 (6.93%) reported on Sept. 24.

People owning GNSM.PK also tend to own: BELFAFLWSHSKKDMACESNSTASTN

TheStreet.com Rating: No Rating What is this?

  • +
  • SHLM
    A. Schulman
  • $17.48
  • +0.17%
  • $17.57

On Oct. 22, Ramius Capital filed a 13D disclosing that it has a) nominated two Ramius nominees and two independent nominees for election as directors at the 2007 annual meeting and b) submitted a shareholder proposal recommending that the board immediately engage an investment bank to evaluate alternatives that could enhance stockholder value, including a merger or sale. On Oct 5, Barington Capital notified the company it would nominate one Barington nominee and one independent director for election to the board at the annual meeting. Key Numbers: 7.6%: The percentage of shares of common stock owned by Ramius. 8.7%: The percentage of shares of common owned by Barington.

People owning SHLM also tend to own: EBAYYHOOASYSMACEMANAUISADI

TheStreet.com Rating: C+ What is this?

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