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	<title>Greenbackd &#187; Catalysts</title>
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	<description>Identifying undervalued activist situations</description>
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		<title>Greenbackd &#187; Catalysts</title>
		<link>http://greenbackd.com</link>
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		<item>
		<title>Guest post: Voting Power in the Activist’s Hands</title>
		<link>http://greenbackd.com/2010/10/18/guest-post-voting-power-in-the-activist%e2%80%99s-hands/</link>
		<comments>http://greenbackd.com/2010/10/18/guest-post-voting-power-in-the-activist%e2%80%99s-hands/#comments</comments>
		<pubDate>Mon, 18 Oct 2010 04:00:14 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Catalysts]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activism]]></category>
		<category><![CDATA[Activist investing]]></category>
		<category><![CDATA[Shareholder activist]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4887</guid>
		<description><![CDATA[Travis Dirks has provided a guest post on the voting power of differently sized shareholdings, which has important implications for activist investors seeking to impose their influence on a management. Travis is an expert in Nanotechnology, and received his Ph.D. from the world’s leading institution for the study of condensed matter physics, University of Illinois [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4887&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/10/18/guest-post-voting-power-in-the-activist%e2%80%99s-hands/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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			<media:title type="html">Travis 1</media:title>
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			<media:title type="html">Travis 2</media:title>
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		<item>
		<title>The Activist Investor: Effective Activism, on the Cheap</title>
		<link>http://greenbackd.com/2010/09/15/the-activist-investor-effective-activism-on-the-cheap/</link>
		<comments>http://greenbackd.com/2010/09/15/the-activist-investor-effective-activism-on-the-cheap/#comments</comments>
		<pubDate>Wed, 15 Sep 2010 04:00:21 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Catalysts]]></category>
		<category><![CDATA[Activist investing]]></category>
		<category><![CDATA[Shareholder activist]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4729</guid>
		<description><![CDATA[Michael R. Levin, who runs The Activist Investor website, has produced a white paper, Effective Activism, on the Cheap that identifies 36 undervalued companies that fit his profile for &#8220;effective activism, on the cheap.&#8221; Michael likens the list to the companies generated in an Endangered Species / Darwin&#8217;s Darlings strategy. Says Michael of the target [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4729&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/09/15/the-activist-investor-effective-activism-on-the-cheap/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>Darwin&#8217;s darlings in practice: Accretive uses &#8220;Take Private&#8221; tactic</title>
		<link>http://greenbackd.com/2010/08/25/darwins-darlings-in-practice-accretive-uses-take-private-tactic/</link>
		<comments>http://greenbackd.com/2010/08/25/darwins-darlings-in-practice-accretive-uses-take-private-tactic/#comments</comments>
		<pubDate>Wed, 25 Aug 2010 04:00:53 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Catalysts]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Value Investment]]></category>
		<category><![CDATA[Darwin's darlings]]></category>
		<category><![CDATA[Endangered species update]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4618</guid>
		<description><![CDATA[One of my favorite strategies is the Endangered Species / Darwin&#8217;s Darlings strategy I discussed in some detail earlier this year (see Hunting endangered species and Endangered Species 2001). The strategy is based on a Spring 1999 Piper Jaffray research report called Wall Street’s Endangered Species by Daniel J. Donoghue, Michael R. Murphy and Mark Buckley, then at Piper Jaffray and [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4618&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/08/25/darwins-darlings-in-practice-accretive-uses-take-private-tactic/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
	
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		<title>Endangered Species 2001</title>
		<link>http://greenbackd.com/2010/04/14/endangered-species-2001/</link>
		<comments>http://greenbackd.com/2010/04/14/endangered-species-2001/#comments</comments>
		<pubDate>Wed, 14 Apr 2010 04:01:20 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Audiovox Corporation (NASDAQ:VOXX)]]></category>
		<category><![CDATA[Catalysts]]></category>
		<category><![CDATA[Dataram Corporation (NASDAQ:DRAM)]]></category>
		<category><![CDATA[Ditech Networks Inc (NASDAQ:DITC)]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Value Investment]]></category>
		<category><![CDATA[Activism]]></category>
		<category><![CDATA[Darwin's darlings]]></category>
		<category><![CDATA[Endangered species update]]></category>
		<category><![CDATA[Shareholder activist]]></category>
		<category><![CDATA[Value investing]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4021</guid>
		<description><![CDATA[In the Spring 1999 Piper Jaffray produced a research report called Wall Street’s Endangered Species by Daniel J. Donoghue, Michael R. Murphy and Mark Buckley, then at Piper Jaffray and now at Discovery Group, a firm founded by Donoghue and Murphy (see also Performance of Darwin’s Darlings). The premise of the report was that undervalued small capitalization stocks (those with a market [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4021&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/04/14/endangered-species-2001/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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		<media:content url="http://greenbackd.files.wordpress.com/2010/04/darwins-darlings-2001.png" medium="image">
			<media:title type="html">Darwins darlings 2001</media:title>
		</media:content>

		<media:content url="http://greenbackd.files.wordpress.com/2010/04/darwins-darlings-2001-2.png" medium="image">
			<media:title type="html">Darwins darlings 2001 2</media:title>
		</media:content>

		<media:content url="http://greenbackd.files.wordpress.com/2010/04/darwins-darlings-2001-3.png" medium="image">
			<media:title type="html">Darwins darlings 2001 3</media:title>
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		<title>Endangered species update: The extinct, the survivors, and the new watch list</title>
		<link>http://greenbackd.com/2010/04/13/endangered-species-update-the-extinct-the-survivors-and-the-new-watch-list/</link>
		<comments>http://greenbackd.com/2010/04/13/endangered-species-update-the-extinct-the-survivors-and-the-new-watch-list/#comments</comments>
		<pubDate>Tue, 13 Apr 2010 04:00:01 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Catalysts]]></category>
		<category><![CDATA[Chromcraft Revington (AMEX:CRC)]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Chromcraft Revington Inc (AMEX:CRC)]]></category>
		<category><![CDATA[Darwin's darlings]]></category>
		<category><![CDATA[Endangered species update]]></category>
		<category><![CDATA[Value Investment]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4005</guid>
		<description><![CDATA[In March I highlighted an investment strategy I first read about in a Spring 1999 research report called Wall Street’s Endangered Species by Daniel J. Donoghue, Michael R. Murphy and Mark Buckley, then at Piper Jaffray and now at Discovery Group, a firm founded by Donoghue and Murphy (see also Performance of Darwin&#8217;s Darlings). The premise, simply stated, is [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4005&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/04/13/endangered-species-update-the-extinct-the-survivors-and-the-new-watch-list/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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		<media:content url="http://greenbackd.files.wordpress.com/2010/04/darwins-darlings-2000.png" medium="image">
			<media:title type="html">Darwins darlings 2000</media:title>
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		<media:content url="http://greenbackd.files.wordpress.com/2010/04/darwins-darlings-2000-2.png" medium="image">
			<media:title type="html">Darwins darlings 2000 2</media:title>
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		<media:content url="http://greenbackd.files.wordpress.com/2010/04/darwins-darlings-2000-3.png" medium="image">
			<media:title type="html">Darwins darlings 2000 3</media:title>
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		<title>Hunting endangered species</title>
		<link>http://greenbackd.com/2010/03/11/hunting-endangered-species/</link>
		<comments>http://greenbackd.com/2010/03/11/hunting-endangered-species/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 05:01:07 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Catalysts]]></category>
		<category><![CDATA[Stocks]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=3727</guid>
		<description><![CDATA[Back in the spring of 1999, when the world was enamored of dot coms and not much else, three guys at Piper Jaffray, Daniel J. Donoghue, Michael R. Murphy and Mark Buckley*, produced a superb research report called Wall Street’s Endangered Species. The thesis of the paper was that there were a large number of undervalued companies with [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=3727&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/03/11/hunting-endangered-species/feed/</wfw:commentRss>
		<slash:comments>14</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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		<media:content url="http://greenbackd.files.wordpress.com/2010/03/endangered-species-1.png" medium="image">
			<media:title type="html">Endangered species 1</media:title>
		</media:content>

		<media:content url="http://greenbackd.files.wordpress.com/2010/03/endangered-species-2.png" medium="image">
			<media:title type="html">Endangered species 2</media:title>
		</media:content>

		<media:content url="http://greenbackd.files.wordpress.com/2010/03/endangered-species-3.png" medium="image">
			<media:title type="html">Endangered species 3</media:title>
		</media:content>

		<media:content url="http://greenbackd.files.wordpress.com/2010/03/endangered-species-4.png" medium="image">
			<media:title type="html">Endangered species 4</media:title>
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		<media:content url="http://greenbackd.files.wordpress.com/2010/03/endangered-species-5.png" medium="image">
			<media:title type="html">Endangered species 5</media:title>
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		<title>Hedge Fund Activism and Shareholder Value Summit</title>
		<link>http://greenbackd.com/2009/09/18/hedge-fund-activism-and-shareholder-value-summit/</link>
		<comments>http://greenbackd.com/2009/09/18/hedge-fund-activism-and-shareholder-value-summit/#comments</comments>
		<pubDate>Fri, 18 Sep 2009 05:00:59 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Catalysts]]></category>
		<category><![CDATA[Greenbackd]]></category>
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		<category><![CDATA[Corporate Governance]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=2466</guid>
		<description><![CDATA[We&#8217;ll be in San Diego next week for the Hedge Fund Activism and Shareholder Value Summit. If you&#8217;re going too, and you&#8217;d like to catch up, we&#8217;d love to hear from you. You can reach us at greenbackd [at] gmail [dot] com. We&#8217;ll be posting intermittently next week, but we&#8217;ll be back to our regular [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=2466&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2009/09/18/hedge-fund-activism-and-shareholder-value-summit/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>Open invitation for guest posts</title>
		<link>http://greenbackd.com/2009/08/26/open-invitation-for-guest-posts/</link>
		<comments>http://greenbackd.com/2009/08/26/open-invitation-for-guest-posts/#comments</comments>
		<pubDate>Wed, 26 Aug 2009 05:00:29 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=2307</guid>
		<description><![CDATA[We&#8217;ve received some great investment ideas on this blog from our readers, and it seems a shame that they remain hidden in the comments of other posts (See, for example, Shake&#38;Bake&#8217;s take on LDIS or Sop81_1&#8242;s analysis of EDCI). To that end, we&#8217;re extending an open invitation to anyone who wishes to submit a post [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=2307&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>3</slash:comments>
	
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		<title>Catalyst Investment Research on Steel Partners II Investment Portfolio</title>
		<link>http://greenbackd.com/2009/07/27/catalyst-investment-research-on-steel-partners-ii-investment-portfolio/</link>
		<comments>http://greenbackd.com/2009/07/27/catalyst-investment-research-on-steel-partners-ii-investment-portfolio/#comments</comments>
		<pubDate>Mon, 27 Jul 2009 05:00:43 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Activist Investors]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=2113</guid>
		<description><![CDATA[Catalyst Investment Research, the collaboration between Damien J. Park of Hedge Fund Solutions and The Official Activist Investing Blog, and Jonathan Heller, CFA, of Cheap Stocks, has a new Special Report on the Steel Partners II Investment Portfolio (.pdf). In the Special Report, Damien and Jonathan analyze the Steel Partners II portfolio companies to determine [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=2113&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2009/07/27/catalyst-investment-research-on-steel-partners-ii-investment-portfolio/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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		<title>NSTR pays initial distribution of $2.06</title>
		<link>http://greenbackd.com/2009/07/16/nstr-pays-initial-distribution-of-2-06/</link>
		<comments>http://greenbackd.com/2009/07/16/nstr-pays-initial-distribution-of-2-06/#comments</comments>
		<pubDate>Thu, 16 Jul 2009 05:00:10 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Catalysts]]></category>
		<category><![CDATA[Liquidation]]></category>
		<category><![CDATA[Net Cash Stocks]]></category>
		<category><![CDATA[Northstar Neuroscience Inc (NASDAQ:NSTR)]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Liquidation Value]]></category>
		<category><![CDATA[Net Cash Stock]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=2033</guid>
		<description><![CDATA[Northstar Neuroscience Inc (NASDAQ:NSTR) has paid an initial distribution of $2.06 per share. We&#8217;ve been following NSTR (see our post archive here) because it was a net cash stock that had announced a plan to liquidate. We estimated that the final pay out figure in the liquidation would be around $59M or $2.26 per share, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=2033&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>8</slash:comments>
	
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