Barron's Activist Stocks 11-01-2008
551 views
Rate Now: 1 2 3 4

average rating: 0.00 / 0 ratings
Created by barrons3
DESCRIPTION:

Date updated:11-01-2008

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
  • +
  • CIM
    Chimera Investmen
  • $3.60
  • +1.69%
  • $3.58

Avenir Corp. doesn't believe Chimera should proceed with its 250-million-share follow-on offering, arguing that it would be "highly dilutive to existing stockholders." Another activist investor, ValueAct Capital Management, also opposes the offering, which it contends "exhibits disregard for current Chimera shareholders." Avenir holds 3,037,059 shares (7.8% of the total outstanding).

People owning CIM also tend to own: CCCJCWCOCXDELLDISHGOOG

TheStreet.com Rating: No Rating What is this?

  • +
  • QLTI
    Qlt Inc.
  • $2.60
  • +0.78%
  • $2.60

West Coast Asset Management said that it may approach QLT about taking the Vancouver biopharmaceutical maker private or merging it with another company. West Coast Asset reported holding 5.6 million shares (7.5%).

People owning QLTI also tend to own: ALLBTAHYTJFCJNJNLYPAAS

TheStreet.com Rating: D What is this?

  • +
  • VVTV
    Valuevision Media
  • $0.43
  • +4.88%
  • $0.44

Cannell Capital sent a letter to VVTV's CEO, suggesting a $1.20-a-share special dividend. Cannell had previously informed ValueVision of its intention to present several nominees to the board of the direct-marketing company. Cannell said it will evaluate its options in calling a special meeting of shareholders to vote on the dividend proposal. Cannell Capital has 1,943,123 shares (5.8%).

People owning VVTV also tend to own: AKSBBIBCBGPCKECDLXFDC

TheStreet.com Rating: D What is this?

  • +
  • F
    Ford Motor Co
  • $2.76
  • +6.98%
  • $2.64

Kirk Kerkorian's Tracinda Corp. cut its stake to about 107.1 million shares (4.89%), by selling about 26.4 million shares from Oct. 21 to 27 at an average price of $2.01. Tracinda previously had said that it intends to further reduce its Ford holding and might sell all of it.

People owning F also tend to own: HANSDRLTXNANNAUYBACBHI

TheStreet.com Rating: D What is this?

  • +
  • GBE
    Grubb
  • $1.28
  • +10.34%
  • $1.20

Investor Anthony W. Thompson submitted a letter nominating himself and two others for election to the board at the Dec. 3 annual meeting. Thompson intends to present stockholder proposals at the annual meeting that, if adopted, would amend GBE bylaws to prevent the board from delaying the annual meeting or adjourning any meeting without stockholder approval, if a quorum is present. Thompson owns 8,672,708 shares (13.3%).

People owning GBE also tend to own: CALLCRYPEGYFORDHNRJAKKNOOF

TheStreet.com Rating: D What is this?

  • +
  • NLCI
    Nobel Learning Co
  • $13.59
  • +0.22%
  • $13.56

Wynnefield Capital wants NLCI to talk to Knowledge Learning about a merger, as well as to explore other potential strategic and financial transactions. Wynnefield believes that while Nobel Learning has the potential to boost shareholder value through internal growth over the long term, this wouldn't be comparable to the value resulting from the sale of the company. Wynnefield Capital and its affiliates own 1.33 million shares (12.8%).

People owning NLCI also tend to own: WELMEARMXRICKAEYXPOTLF

TheStreet.com Rating: B What is this?

  • +
  • RDEN
    Elizabeth Arden
  • $13.45
  • +2.99%
  • $13.17

Shamrock Activist Value Fund reported ownership of 1,680,000 shares (5.8%), bought from Sept. 2 to 24 at prices ranging from $15.12 to $21.47.

People owning RDEN also tend to own: AOBCBEDISHEBAYECAECOLGLD

TheStreet.com Rating: No Rating What is this?

  • +
  • PIR
    Pier One Inc
  • $0.69
  • +56.82%
  • $0.45

SCSF Equities reported owning 5,543,579 shares (6.2%) after buying 1,838,454 from Oct. 14 to 16 at $1.47 to $1.49 each.

People owning PIR also tend to own: MAAAPLAESASRBBYBEASCOH

TheStreet.com Rating: D What is this?

previous next

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

Cramer's Take on Top-Searched St...

Investors were spooked on Wednesday as bleak broad-based corporate outlooks and dismal employment data dominated headlines. Stocks experienced their largest drop in more t...

01.07.09 | 21:39 PM
Top Stocks With Insider Buying, ...

At Stockpickr.com, we strive to keep track of insider purchasing and buybacks each week. Here's the perfect setup in my mind: insiders buying the stock, the company buying ...

01.07.09 | 18:35 PM
'Fast Money' Portfolios of the Week

The traders of CNBC’s "Fast Money" think the current stock market is a traders' market. In order to play a traders' market, you have to nimble. You also have to know whic...

01.07.09 | 17:33 PM
What Should Pfizer Buy?

Pfizer (PFE) CEO Jeff Kindler has hinted that the world’s biggest drugmaker is open to a large-scale acquisition. “The real goal is to grow revenues," he told the Fina...

01.07.09 | 17:12 PM
more articles
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZackAttack
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
Cartoon Thread
11.15.07 | 20:31 PM From author Gov. Peter Blagojevich
Full Disclosure
11.09.08 | 12:30 PM From author alchemist
more forums
Q. I am looking to invest monthly a...
01.07.09 | 23:17 PM Asked by richardjans

A. do yourself a big favor and read cramers
books first. no one should be in the
market without some knowledge of how it
works. also, the market may well be over
valued. no one knows. finally, if you
just have to ignore this advice, stay
way away from 2x or 3x etf's. good luck,
mike

today 's lists
Rising on Unusual Volume

Here are some stocks that moved up on unusual volume on Jan. 7, 2009. more

Cramer's Lightning Round -- Jan. 7

These are the stocks from Jim Cramer's latest Lightning Round. We list the stocks on which he is BULLISH and BEARISH. more

Biggest % Gainers

Here are some of the largest % gainers from Jan. 7, 2009. more