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Archive for the ‘Activist Investors’ Category

Buffett buys newspaper division of Media General $MEG

Posted in Activist Investors, Warren Buffett, tagged , on May 29, 2012 | Leave a Comment »

I’ve been closely following on Greenbackd the Kinnaras stoush with the board of Media General Inc (NYSE:MEG) over the last few months. Kinnaras has been pushing the Board to “take advantage of the robust M&A market for both newspaper and broadcast television and to sell all operating units of MEG in order to retire existing corporate and pension [...]

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Value investing works, so why do value investors underperform? The evidence for activist value investors

Posted in Activist Investors, Stocks, Value Investment, tagged , , , on April 26, 2012 | 4 Comments »

This week I’ve been taking a look at Aswath Damodaran’s paper ”Value Investing: Investing for Grown Ups?” in which he asks, “If value investing works, why do value investors underperform?” Damodaran divides the value world into three groups: “The Passive Screeners,” – “The Graham approach to value investing is a screening approach, where investors adhere to strict screens… [...]

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Kinnaras sends new letter to board of Media General Inc ($MEG)

Posted in Activist Investors, Stocks, tagged , , , on April 23, 2012 | Leave a Comment »

Kinnaras Capital Management demonstrates characteristic tenacity in a new letter to Media General Inc (NYSE:MEG) sent after Kinnaras’s exclusion from the most recent earnings call: I intended to voice those concerns on the Q1 2012 conference call but despite following directions to join the queue, it appears that I was not allowed to participate in this call. This is a poor response to [...]

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Kinnaras sends follow up letter to board of Media General Inc ($MEG)

Posted in Activist Investors, Liquidation Value, Stocks, Value Investment, tagged , , on April 12, 2012 | Leave a Comment »

Kinnaras Capital Management has sent a follow up letter to Media General Inc (NYSE:MEG) requesting the board “selloff MEG in its entirety and divorce this company from the inept management team currently at the helm.” In its earlier letter Kinnaras expressed frustration with the performance of MEG, and urged the Board to “take advantage of the robust M&A market [...]

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Kinnaras sends open letter to board of Media General Inc (NYSE:MEG)

Posted in Activist Investors, Liquidation Value, Stocks, tagged , on April 5, 2012 | Leave a Comment »

Kinnaras Capital Management has sent an open letter to Media General Inc (NYSE:MEG) expressing frustration with the performance of the company and “urging the Board to take advantage of the robust M&A market for both newspaper and broadcast television and to sell all operating units of MEG in order to retire existing corporate and pension debt and achieve a [...]

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J Carlo Cannell and Steller’s Sea Cow

Posted in Activist Investors, Stocks, tagged , , on December 7, 2011 | 1 Comment »

J. Carlo Cannell runs Cannell Capital, the long/short activist investment firm he founded in 1992 with just $600,000 under management. Cannell’s ideas are as unconventional as the man himself – he’s a Princeton liberal arts major, then freelance journalist in Fiji – and he describes himself as a “fox, not a hedge hog” (referring, I guess, to [...]

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Icahn sets deadline for Commercial Metals Company (NYSE:CMC); Bids $15 per share

Posted in Activist Investors, Stocks, tagged , on December 6, 2011 | Leave a Comment »

Update: Icahn drops the hammer From the press release: ICAHN ENTERPRISES LP FOR IMMEDIATE RELEASE ICAHN ENTERPRISES HOLDINGS LP TO MAKE TENDER OFFER FOR ALL OF THE OUTSTANDING SHARES OF COMMERCIAL METALS COMPANY AT $15 PER SHARE CONTACT: SUSAN GORDON (212) 702-4309 NEW YORK, NEW YORK, DECEMBER 6, 2011 – Carl C. Icahn today announced that Icahn Enterprises Holdings [...]

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Action at Adams Golf Inc (NASDAQ:ADGF)

Posted in Activist Investors, Stocks, tagged , on December 5, 2011 | 1 Comment »

Here’s a great story from investor Jay Schembs about Adams Golf Inc (NASDAQ:ADGF), which will be familiar to anyone who has spent some time sifting through net net screens for the last few years. Jay has had a position in ADGF since late 2008. After sitting through one too many conference calls listening to platitudes from [...]

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Guest Post: Travis Dirks on ModusLink Global Solutions Inc (NasdaqGS:MLNK)

Posted in Activist Investors, Stocks, tagged , , on December 2, 2011 | Leave a Comment »

Dr. Travis Dirks has provided a guest post with important implications for activist and special situations investors. Travis is the Founder and CEO of Rotary Gallop, a company pioneering the application of Nobel-prize winning mathematics to the problem of acquiring, keeping and exercising corporate control. You can reach him at T@RotaryGallop.com —- To Fellow Greenbackd [...]

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Guest post: Imation Corp (NYSE:IMN) Worth More Sold Than Alone

Posted in Activist Investors, Net Net Stocks, Value Investment, tagged , , , on November 30, 2011 | 4 Comments »

Amit Chokshi of Kinnaras Capital, an independent registered investment advisor focused on deep-value, small capitalization and micro capitalization equity investing, has contributed a guest post on Imation Corp (NYSE:IMN). About Kinnaras: Kinnaras aims to deliver above average long-term results through application of a deep value investment strategy.  As a result, the Firm focuses on the “throwaways” of the equity market, or [...]

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