Barron's Activist Stocks 6-11-07
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Created by Barrons
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Date updated:06-09-2007

From Barron's 6-11-07:

Each week Barrons 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
  • +
  • BLG
    Blg
  • $0.00
  • N/A
  • $N/A

From Barron's 6-11-07 Hedge-fund manager Robert Chapman sent a letter to the company requesting a meeting with top management. Chapman said that he'd like to discuss Building Materials' expense-reduction and capital-allocation plans. Chapman also reiterated his request that Building Materials hire an investment adviser to explore the sale of the company. Chapman Capital reported ownership of 2.4 million shares (8.1% of the total outstanding).

People owning BLG also tend to own: DGXECPGFROGGCHWLYGMRH

TheStreet.com Rating: No Rating What is this?

  • +
  • ESST
    Ess Technology
  • $0.00
  • 0.00%
  • $N/A

From Barron's 6-11-07 Riley Investment Management said that the company should shut its operations, sell its assets and return the proceeds to shareholders. Riley Investment contends that this would generate proceeds of $2.70 a share and warned that, otherwise, the company has "little or no prospect of turning a profit in the foreseeable future." Riley Investment asserts that the management of ESS faces an "uphill battle" in restoring profitability to the company, citing intense competition and what it termed a declining outlook for ESS' core DVD-chip products. Riley Investment owns 6.7% of the shares outstanding.

People owning ESST also tend to own: AERBRCDGROWSUNWADATCSCOFORG

TheStreet.com Rating: D+ What is this?

  • +
  • PVFC
    Pvf Capital Corp.
  • $2.00
  • -5.21%
  • $2.00

From Barron's 6-11-07 Investor Umberto P. Fedeli submitted a proposal asking the company to declassify its board structure. Fedeli said that he would buy 1.5 million to two million shares if he were allowed to control three board seats and if the company shook up its management and altered its strategic business plan. The company hasn't issued an official response to Fedeli's offer. The declassification proposal would require that all PVF directors be elected each year, instead of having only a few directors up for annual election. Fedeli currently holds 465,000 shares (6%).

People owning PVFC also tend to own: BLGESSTEYEHALOINXIRTRSYACH

TheStreet.com Rating: D What is this?

  • +
  • INXI
    Inx Inc.
  • $4.42
  • -1.56%
  • $4.40

From Barron's 6-11-07 Doucet Capital reported ownership of 348,279 shares (5.3%) after buying 6,845 from May 4 to 30 at prices ranging from $9.25 to $10.98. INX provides Internet protocol communications services and products.

People owning INXI also tend to own: ACWARBBBGBKUNABMYCACSAR

TheStreet.com Rating: D What is this?

  • +
  • EYE
    N/a
  • $5.85
  • 0.00
  • $5.85

From Barron's 6-11-07 A group including ValueAct Capital Management raised its stake to 5.9 million shares (9.9%) from the 4.4 million (7.3%) reported on May 1. Advanced Medical Optics makes eye-care and ophthalmologic devices

People owning EYE also tend to own: FRPT.OBGEMPPPWISHIAAPLADBE

TheStreet.com Rating: D What is this?

  • +
  • RTRSY
    2.47
  • $74.40
  • 0.00
  • $74.40

From Barron's 6-11-07 ValueAct Capital Management raised its holdings to 96.4 million shares (7.7%) from the 83.55 million (6.5%) that it reported on Feb. 21.

People owning RTRSY also tend to own: ACXMAVGVHRHCILMNITKAR

TheStreet.com Rating: No Rating What is this?

  • +
  • HALO
    Halozyme Therapeu
  • $7.53
  • +4.15%
  • $7.17

From Barron's 6-11-07 Halozyme director Randal J. Kirk increased his stake to 11.04 million shares (14.6%) from the 7.5 million (10.5%) that he reported on May 24. Halozyme is a biopharmaceutcial company based in San Diego.

People owning HALO also tend to own: AAPLDELLFLEXGEGLWINTCKBR

TheStreet.com Rating: D- What is this?

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