Barron's Activist Stocks 2-14-2009
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Created by barrons3
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Date updated:02-14-2009

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
  • +
  • MIPI
    Molecular Insight
  • $4.23
  • +0.95%
  • $4.30

former director David S. Barlow, who resigned from the board in January, wants the company to explore strategic alternatives to maximize shareholder value. Barlow is concerned about the election of John Babich as chief executive and president. Barlow owns 2,735,447 shares (10.9% of the total outstanding).

People owning MIPI also tend to own: AAPLBDXCSCOCTSHDNAMNTAONNN

TheStreet.com Rating: D- What is this?

  • +
  • MIM
    Mi Dev Inc Cl A
  • $13.70
  • +1.71%
  • $13.45

Greenlight Capital plans to vote against the company's proposed reorganization plan. In late November, MI Developments said it planned to spin off Magna Entertainment (MECA) to shareholders, with the Stronach Group purchasing direct voting control of Magna, among other things. The Stronach Group is controlled by MI Chairman Frank Stronach. Greenlight, which holds 5,387,535 shares (11.7%), said the majority of shareholders don't support the use of MI's cash flows to fund Magna.

People owning MIM also tend to own: AMXAWIBCBRK-ACALEXCFNF

TheStreet.com Rating: C- What is this?

  • +
  • ENZN
    Enzon Pharmaceuti
  • $10.32
  • -0.67%
  • $10.51

DellaCamera Capital Management wants Enzon to add former ImClone Systems board members Dr. Alexander J. Denner and Professor Richard C. Mulligan to its board. DellaCamera wants Enzon to hold its 2009 meeting in New York and to seek guidance from a new financial adviser. DellaCamera and affiliates own 3,446,558 shares (7.6%).

People owning ENZN also tend to own: BEASELOSGMNBIXPHRMQIDBGG

TheStreet.com Rating: C What is this?

  • +
  • IPAS
    Ipass Inc.
  • $1.22
  • +2.52%
  • $1.20

Foxhill Master Fund submitted a nonbinding shareholder proposal recommending that directors should be elected annually rather than serving for three-year staggered terms. Foxhill owns 4,074,721 shares (6.5%).

People owning IPAS also tend to own: AAVABXAADGAMATAQRBGRBXL

TheStreet.com Rating: D- What is this?

  • +
  • ORCC
    Online Resources
  • $5.48
  • +2.62%
  • $5.35

Tennenbaum Capital Partners plans to nominate John Dorman, Edward D. Horowitz and Bruce A. Jaffe for the three board seats to be filled at the annual meeting, scheduled for May 6. Tennenbaum wants the board to consider strategic alternatives and improved corporate governance. It has 7,447,570 shares (21.9%).

People owning ORCC also tend to own: CYBSIPIIAKAMEVRLOGINFLXPZI

TheStreet.com Rating: D+ What is this?

  • +
  • SAY
    Satyam Computer S
  • $5.13
  • +2.81%
  • $5.00

Indian engineering and construction firm Larsen & Toubro said it bought 81,132,714 shares (12%) from Dec. 30 to Jan. 23.

People owning SAY also tend to own: BRCMCTSHGOOGINFYMRVLPTIREDF

TheStreet.com Rating: C What is this?

  • +
  • LGF
    Lions Gate Entmt
  • $5.08
  • -0.97%
  • $5.16

Billionaire activist investor Carl Icahn and his affiliates raised their stake to about 12.24 million shares (10.56%) by buying 1.04 million at $4.53 a share.

People owning LGF also tend to own: AAPLCTXSDODFXMSFTPETSAMATBA

TheStreet.com Rating: C- What is this?

  • +
  • RSG
    Republic Svcs Inc
  • $27.40
  • -0.44%
  • $27.49

Microsoft (MSFT) co-founder Bill Gates boosted his holdings to 47.7 million shares (12.6%) by buying 3.85 million for an aggregate price of $98.6 million from Jan. 27 to Feb. 5.

People owning RSG also tend to own: AXPBNICMCSKCOPCOSTGEIR

TheStreet.com Rating: C What is this?

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