Barron's Activist Stocks 9-22-2007
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Created by barrons2
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Date updated:09-22-2007

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.

See Hate list below where funds filed 13Ds showing a new decrease in particular positions.

symbol name last price % change open
  • +
  • MAIR
    Mair
  • $0.00
  • N/A
  • $N/A

"Investor Lloyd I. Miller III called for the sale of Mair's primary business, Big Sky Transportation. Miller argues that Mair should retain an investment bank to explore strategic alternatives and should distribute all of its cash to shareholders through a dividend. Miller holds 1,259,875 shares (8.4% of the total outstanding)."

People owning MAIR also tend to own: AWIBBIBOLEKHAICOIDT

TheStreet.com Rating: No Rating What is this?

  • +
  • LEV
    Lev
  • $0.00
  • N/A
  • $N/A

"Prescott Capital Management wants the board to abandon its plan for a rights offering. Prescott Capital previously had said that it would vote against the $2 million offering, which it views as dilutive. Prescott Capital believes that many minority holders could not afford to participate in this offering and are thus required to effectively sell 0.83 of each share owned for just $2 a share. Prescott Capital holds 2,641,276 shares (14.2%)."

People owning LEV also tend to own: CNSCORSDADEDRCTESCAFMTIMH

TheStreet.com Rating: No Rating What is this?

  • +
  • TSRI
    Tsr
  • $2.35
  • 0.00%
  • $N/A

"Zeff Capital Partners I proposed nominating Andrew Dailey for a seat on the TSR board. Dailey is a self-employed adviser to technology companies. Zeff Capital owns 456,023 shares (9.98%)."

People owning TSRI also tend to own: AIRTAMNF.PKAMSWABABB.OBCOHTCVRDCU

TheStreet.com Rating: C- What is this?

  • +
  • LANC
    Lancaster Colony
  • $49.13
  • +0.90%
  • $48.67

"Barington Capital Group intends to nominate alternative candidates for election to Lancaster's board at the 2007 annual meeting. Barington said it had found Lancaster Colony's "disappointing share- price performance, decreasing profitably and poor record in the area of corporate governance to be entirely unacceptable and eroding value for the public shareholders of the company." Barington has about 1.58 million shares (5.2%)."

People owning LANC also tend to own: CTOCVGDDSFSCIGFFKHDHM

TheStreet.com Rating: B What is this?

  • +
  • WEN
    Wendys/arby's Grp
  • $4.11
  • -1.20%
  • $4.14

"Sandell Asset Management has entered into a confidentiality agreement with Wendy's to review material as part of an evaluation of a possible sale of the company to Nelson Peltz's Triarc Cos. (TRY). Under the pact, Sandell has agreed not to acquire additional shares before Dec. 1, unless certain circumstances arise. Sandell has a 4.5% stake in Wendy's."

People owning WEN also tend to own: BKCCASAHNZLSSMCDOSIPZZI

TheStreet.com Rating: D+ What is this?

  • +
  • CAO
    Cao
  • $0.00
  • N/A
  • $N/A

"Karsch Capital Management urged CSK Auto to thoroughly review its strategic alternatives, including a possible sale. Karsch Capital said that such a review would allow the board to weigh the merits of selling the company versus giving the new management team time to turn it around. "We continue to believe that a turnaround at CSK Auto should be very achievable because of the tremendous opportunity to improve the company's severely depressed operating margins," Karsch Capital said. Karsch owns 4,096,830 shares (9.32%)."

People owning CAO also tend to own: ADSXCLCTCMOSIASGISCAPBYPWEI

TheStreet.com Rating: No Rating What is this?

  • +
  • JNC
    Jnc
  • $0.00
  • N/A
  • $N/A

"UBS (UBS) reported ownership of 4,602,345 shares (5.75%), but provided no transaction details."

People owning JNC also tend to own: AMXBHIFSNMOXYPXSNVTJX

TheStreet.com Rating: No Rating What is this?

  • +
  • ASTI
    Ascent Solar Tech
  • $4.82
  • -0.21%
  • $4.92

"Quercus Trust raised its holdings to 1,123,146 shares (10.2%). On Sept. 11, it had owned 967,599 (8.8%)."

People owning ASTI also tend to own: ACHBHPCBICRACTXSCZZDRYS

TheStreet.com Rating: D What is this?

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