Barron's Activist Stocks 3-14-2009
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Date updated:03-14-2009

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
  • +
  • GMXR
    Gmx Resources Inc
  • $9.94
  • +0.91%
  • $9.85

Centennial Energy Partners sent a letter to GMX suggesting a sale of the company. Centennial expressed doubt that GMX will be able to realize the value of its assets without immediate actions by its board. Centennial also requested that the GMX board begin a formal process to review strategic options, including the potential sale of the company. Centennial holds 2,848,571 shares (15.16% of the total outstanding).

People owning GMXR also tend to own: AMEDANDECFLCMOCMTLCNLCOMS

TheStreet.com Rating: D What is this?

  • +
  • MCGC
    Mcg Capital Corpo
  • $4.42
  • -1.34%
  • $4.34

Springbok Capital Management filed a lawsuit against MCG Capital and its board in the Delaware Court of Chancery, alleging that the board tried to prevent or deter the shareholder from nominating directors. MCG has filed a lawsuit in federal court in Manhattan against Springbok Capital alleging that it filed an erroneous and incomplete Schedule 13D in November, and that Springbok failed to disclose certain "control plans" for the company that ought to have been disclosed in the filing. Springbok Capital Management holds 7,554,600 shares (9.9%).

People owning MCGC also tend to own: ANFAVBRCMCHSCSUNHPIRBT

TheStreet.com Rating: D+ What is this?

  • +
  • NLCI
    Nobel Learning Co
  • $6.00
  • 0.00%
  • $N/A

Knowledge Learning has made an offer to acquire all of Nobel Learning Communities' outstanding shares for $13.50 per share in cash. Knowledge said the new proposal supersedes one it made to Nobel Learning in September 2008, and the proposed transaction isn't subject to a financing condition. Knowledge said it is prepared to "quickly move forward" to effect a definitive merger agreement. The Knowledge Learning group holds 3,857,171 shares (37.1%).

People owning NLCI also tend to own: ACUADYAEYAFAMARCIARDNAARTL

TheStreet.com Rating: C- What is this?

  • +
  • CHIC
  • $17.47
  • 0.00%
  • $N/A

Shareholder Allan W. Karp disclosed that he has nominated three candidates for the company's board -- himself, Gabriel Bitton, and Hezy Shaked -- for election at Charlotte Russe's 2009 annual meeting. Karp holds 1,804,394 shares, or 8.59%.

People owning CHIC also tend to own: AAPLACGYAEOSAIRMAKAMAMXANGN

TheStreet.com Rating: No Rating What is this?

  • +
  • WMG
    Warner Music Grp
  • $4.79
  • -4.20%
  • $5.00

Warner Music Group Chairman and Chief Executive Edgar Bronfman Jr. reported ownership of 11,319,989 shares (7.3%). In his role as chief executive, Bronfman takes and will continue to take an active role in the company's management and strategic direction.

People owning WMG also tend to own: AMATCVACZNEBAYNUANNVECS

TheStreet.com Rating: D What is this?

  • +
  • QUIX
    Quix
  • $0.00
  • N/A
  • $N/A

Belgrave Investment Holdings increased its holdings to 2,107,099 shares (22.8%) from 1,215,942 (13.1%) reported Feb. 13.

People owning QUIX also tend to own: EMRHSOAIDMIMASFOGEHON

TheStreet.com Rating: D What is this?

  • +
  • NYT
    N Y Times Cl A
  • $11.61
  • -2.19%
  • $11.85

Harbinger Capital Partners increased its stake to 28,538,434 shares (19.94%) after purchasing 50,000 on Dec. 21, 2008 at $5.12 a share.

People owning NYT also tend to own: WMTYHOOAACCAERTVLOBPOPMO

TheStreet.com Rating: D+ What is this?

  • +
  • MBI
    M B I A Inc
  • $4.91
  • +2.08%
  • $4.88

Private equity investor Warburg Pincus raised its stake to about 55.05 million shares (25%) after buying 1.9 million shares on March 5 and 6 at $2.38 a share.

People owning MBI also tend to own: AAAMGNAXPCVXEGLEHDHNZ

TheStreet.com Rating: D What is this?

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Q. Please give us some insight on t...
02.09.10 | 17:15 PM Asked by Larry in Dallas

A. While I am sure there are various
reasons for a sell off of any particular
stock, there are two things worth
mentioning:

1. Day traders: One of the rules common
to day trading is to be all cash at the
end of the day. As a result, many day
traders cash out of their trading
positions toward the end of the day so
they are ready to go back to the battle
the following morning.

2. I do not know that this would be the
last 30 minutes, but margin calls could
potentially cause some selling if it is
needed to make up any shortage in the
margin (in other words, if you are
required to hold 15% and you could
borrow 85% the value of a security, and
the stock price change during the day
made it to where you were borrowing 90%,
then some shares would need to be sold
to make up the difference).

I hope that helps... I am sure others
can shed far more light than I.

William

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