Barron's Activist Stocks 9-20-2008
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Date updated:09-20-2008

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
  • +
  • LDG
    Ldg
  • $0.00
  • N/A
  • $N/A

Pershing Square Capital Management doesn't support the tender offer by CVS Caremark (CVS) for Longs Drug Stores. Pershing Square, which is run by activist investor William Ackman, said that the process that led to the CVS transaction was "seriously flawed," and that the value of Longs substantially exceeds the bid of $71.50 a share. Pershing Square holds about 3.1 million shares (8.7% of the total shares outstanding). It has economic exposure to about 9.2 million notional shares (25.6% stake).

People owning LDG also tend to own: AMGBIDCENTCXWGEOITGJBX

TheStreet.com Rating: No Rating What is this?

  • +
  • VM
    Virgin Mobile Usa
  • $3.87
  • +0.26%
  • $3.83

As of Aug. 22, British billionaire Sir Richard Branson held about 52 million shares (a 63.1% stake), according to a Sept. 12 filing.

People owning VM also tend to own: AKNSAMXBQICLFCWTDFSDHT

TheStreet.com Rating: E+ What is this?

  • +
  • TOPS
    Top Ships Inc.
  • $1.0299
  • +2.99%
  • $1.01

Sovereign Holdings had a 9.3% stake as of Sept. 4 (about 2.83 million shares), according to a Sept. 15 filing.

People owning TOPS also tend to own: ADVNABCSBTEETFCFMDFNFHTE

TheStreet.com Rating: D What is this?

  • +
  • ALEX
    Alexander Baldwin
  • $28.55
  • -0.24%
  • $28.45

From Sept. 3 to 10, Breeden Capital Management purchased about 2.66 million shares, raising its stake to 6.44%.

People owning ALEX also tend to own: CBHTGTAMLNFRONTOOSIPPCU

TheStreet.com Rating: No Rating What is this?

  • +
  • DISH
    Dish Network Corp
  • $19.15
  • +3.74%
  • $18.43

According to a Sept. 15 filing, William R. Gouger holds a 27.3% stake (about 79.3 million shares).

People owning DISH also tend to own: AOBCBEEBAYECAECOLGLDHW

TheStreet.com Rating: C What is this?

  • +
  • CN
    Cn
  • $0.00
  • N/A
  • $N/A

In a Sept. 15 filing, Spanish telecommunications giant Telefónica (TEF) reported that as of Sept. 4, it held a 9.9% stake (about 663.2 million shares). Telefónica added that it seeks to become the leading private shareholder in the new company that will result from the merger of China Netcom and China Unicom (CHU), expected to be completed around Oct. 15.

People owning CN also tend to own: AAPLCPGSINATEVATIVOTWX

TheStreet.com Rating: No Rating What is this?

  • +
  • AMLN
    Amylin Pharmaceut
  • $12.07
  • +0.33%
  • $11.91

Carl Icahn has increased his stake to 7.33% (10.06 million shares) from 6.54%.

People owning AMLN also tend to own: ADRXAIGAMGBTUDVNEVFCX

TheStreet.com Rating: D What is this?

  • +
  • ALO
    N/a
  • $34.71
  • 0.00
  • $34.71

Mario Gabelli's Gamco Investors (GBL) has boosted its stake to 7.38% (3.08 million shares) from 5.54% (2.31 million shares).

People owning ALO also tend to own: AHGCPEFDESVFEDICTGLMT

TheStreet.com Rating: C+ What is this?

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