Barron's Activist Stocks 4-25-2009
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Created by barrons3
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Date updated:04-25-2009

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
  • +
  • ASUR
    Forgent Networks
  • $0.2495
  • +6.17%
  • $0.236

Red Oak Partners intends to nominate a slate of directors at the next annual meeting. Red Oak, which holds 7.35%, says it is "concerned with Forgent's performance."

People owning ASUR also tend to own: AOBFTWRHYTMARTIXCSCOCYTKDELL

TheStreet.com Rating: D What is this?

  • +
  • CPY
    C P I Corp
  • $12.05
  • +0.25%
  • $11.99

The investment firm Ramius has engaged in talks with CPI regarding potential changes to the board. Ramius, which holds a 26.6% stake in the consumer-services company, says it reserves the right to nominate candidates for election to the board.

People owning CPY also tend to own: AMKRAXCADLLREZPWFTDGEOGIGM

TheStreet.com Rating: D What is this?

  • +
  • WFMI
    Whole Foods Marke
  • $26.36
  • -2.26%
  • $26.65

Green Equity Investors has agreed to vote for any mergers recommended by the board of Whole Foods. It has also agreed to vote all its shares in favor of the directors nominated by the board. Green Equity holds a 17.3% stake in the natural-foods chain.

People owning WFMI also tend to own: AIGAXPAXSBBBYBRK-ABRK-BBRO

TheStreet.com Rating: C What is this?

  • +
  • URI
    United Rentals In
  • $9.64
  • +1.05%
  • $9.43

Fairholme Capital Management will become a passive investor in the equipment rental company. Fairholme, which holds a 16.6% stake, didn't disclose why it was switching from an active to passive.

People owning URI also tend to own: APPBFRKJBHTJRVRPETMWAGWMT

TheStreet.com Rating: D What is this?

Bulldog Investors reported holding 457,475 shares (7.26%) and said it was nominating five directors for the board.

People owning TTSP.OB also tend to own: ASURAXCBKHMCHICCPYDINEENZN

TheStreet.com Rating: No Rating What is this?

  • +
  • NTN
    Ntn Buzztime Inc
  • $0.50
  • -1.96%
  • $0.51

Trinad Capital, which holds a 15.7% stake in the interactive-entertainment provider, intends to switch from being an activist to a passive investor in the company, saying is "pleased and encouraged by the actions of management."

People owning NTN also tend to own: ARKFURADSXDOCGDGOOGICE

TheStreet.com Rating: D- What is this?

  • +
  • BKHM
    Bkhm
  • $0.00
  • N/A
  • $N/A

Kopp Investment Advisors reported ownership of about 5.08 million shares (5.04%), after purchasing them from Feb. 5 to April 6 at prices ranging from 25 cents to 53 cents apiece.

People owning BKHM also tend to own: ACTUBELMCHTRCKSWCOSIFNSRFORG

TheStreet.com Rating: No Rating What is this?

  • +
  • AXC
  • $0.00
  • 0.00%
  • $N/A

Bulldog Investors reported holding about 1.55 million shares (5.76%) of the special-purpose acquisition company. It has also attempted to contact the company to discuss how management intends to proceed if it's required to be liquidated.

People owning AXC also tend to own: BBIBUSCRD-AEEMEWWEWZEZA

TheStreet.com Rating: No Rating What is this?

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Q. If Goldman Sachs is stupid, what...
11.21.09 | 17:17 PM Asked by Clementplace

A. why are you picking on just one ex-GS
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