Feeds:
Posts
Comments

Archive for August, 2009

Steel Partners ups stake in COSN

Posted in Activist Investors, CoSine Communications Inc (OTC:COSN), Net Cash Stocks, Steel Partners, Stocks, tagged , , , on August 17, 2009 | Leave a Comment »

Steel Partners has increased its holding in CoSine Communications Inc (OTC:COSN) from 44.9% to 47.5% at an average purchase price of $1.97 per share according to the fund’s most recent 13D notice. We’ve been following COSN (see our COSN post archive) because it is a cash box controlled by activist investor Steel Partners. Steel Partners [...]

Read Full Post »

Two VXGN shareholders send a letter to the board

Posted in Activist Investors, Stocks, VaxGen Inc (OTC:VXGN), tagged , , on August 14, 2009 | 9 Comments »

Two VaxGen Inc (OTC:VXGN) shareholders have sent a letter to the board of directors of the company claiming that the directors have failed in their fiduciary duties to shareholders. After reading the “list of grievances and imponderables over the actions of VaxGen’s Board and Management” laid out in the letter, you’ll find it hard to [...]

Read Full Post »

Capstone Therapeutics (NASDAQ:CAPS) Q2 update

Posted in Biotechnology Value Fund, Net Cash Stocks, OrthoLogic Corporation (NASDAQ:CAPS), Stocks, tagged , , on August 13, 2009 | Leave a Comment »

OrthoLogic Corporation (NASDAQ:CAPS) has filed its 10Q for the quarter ended June 30, 2008. We’ve been following CAPS (see our post archive here) because it trades below its net cash value and Biotechnology Value Fund (BVF) has a 13.42% holding. It’s an unusual holding for us because BVF’s holding is passive. CAPS is a development [...]

Read Full Post »

Bob Chapman says we may be in “the most dynamic passive investment environment of a lifetime”

Posted in Activist Investors, Robert. L. Chapman, Special Situation, Stocks, tagged , , on August 12, 2009 | 8 Comments »

Robert L. Chapman, Jr. recently resigned as Chief Executive Officer of EDCI Holdings Inc (NASDAQ:EDCI) to focus on Chapman Capital in what he says “may be the most dynamic passive investment environment of a lifetime.” In the announcement to the market, said Chapman in his inimitable style: Having ablated and amputated certain incontinent expenditures, and [...]

Read Full Post »

SOAP sells assets

Posted in Activist Investors, Mithras Capital, Net Cash Stocks, Soapstone Networks Inc (NASDAQ:SOAP), Stocks, tagged , , , on August 11, 2009 | 3 Comments »

Soapstone Networks Inc (NASDAQ:SOAP) has announced the sale of its software assets to Extreme Networks, Inc. (NASDAQ: EXTR). The sale price was not disclosed in the announcement, but may have been less than $5M. We opened the position in SOAP on February 2nd (see our post archive here) because it was trading well below our [...]

Read Full Post »

List of activist investments for July

Posted in Stocks on August 10, 2009 | 1 Comment »

The Official Activist Investing Blog has published its list of activist investments for July: Ticker Company Investor ANR Alpha Natural Resources Duquesne Capital Management ASP American Strategic Income Portolio Inc SIT Investment Associates ASTC Astrotech Corp Trace Capital ASUR Asure Software Red Oak Partners BASI Bioanalytical Systems Peter Kissinger BEE Strategic Hotels & Resorts Vector [...]

Read Full Post »

Forward Industries Inc (NASDAQ:FORD) Q2 update

Posted in Forward Industries Inc (NASDAQ:FORD), Net Cash Stocks, Net Net Stocks, Stocks, tagged , , on August 7, 2009 | Leave a Comment »

Forward Industries Inc (NASDAQ:FORD) has filed its quarterly report for the period ended June 30, 2009. We started following FORD (see our post archive here) because it was trading at a discount to its net cash and liquidation values, although there was no obvious catalyst. Management appeared to be considering a “strategic transaction” of some [...]

Read Full Post »

CoSine Communications Inc (OTC:COSN)

Posted in CoSine Communications Inc (OTC:COSN), Net Cash Stocks, Steel Partners, Stocks, tagged , , , , on August 6, 2009 | 15 Comments »

CoSine Communications Inc (OTC:COSN) is an interesting little pink sheet play: a cash box controlled by activist investor Steel Partners. Steel Partners, whose holdings we recently covered in the Catalyst Investment Research on Steel Partners II Investment Portfolio post, owns 44.9% of the stock and sits on the board. At its $1.75 close yesterday, COSN’s [...]

Read Full Post »

Sub-liquidation value ten baggers

Posted in About, Greenbackd, Liquidation, Liquidation Value, Net Current Asset Value, Net Quick Stocks, tagged , , , , , on August 5, 2009 | 12 Comments »

Bespoke Investment Group (via The Reformed Broker) has a list of the biggest gainers for 2009. It should come as no surprise to regular readers of Greenbackd that a number of the stocks are former sub-liquidation value plays (most of which we missed): We opened a position in VNDA and got a great return. We [...]

Read Full Post »

VaxGen Inc (OTC:VXGN) Q2 update

Posted in Activist Investors, Net Cash Stocks, Net Net Stocks, Stocks, VaxGen Inc (OTC:VXGN), tagged , , , , on August 4, 2009 | 13 Comments »

VaxGen Inc (OTC:VXGN) has released its quarterly report for the period ended June 30, 2009. We’ve been following VXGN (see our post archive here) because it is trading at a substantial discount to its net cash position, has ended its cash-burning product development activities and is “seeking to maximize the value of its remaining assets [...]

Read Full Post »

« Newer Posts - Older Posts »

Follow

Get every new post delivered to your Inbox.

Join 999 other followers