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Archive for the ‘Activist Investors’ Category

Guest post update: Sham Gad on Paragon Technologies (OTCBB: PGNT)

Posted in Activist Investors, Value Investment, tagged , on September 7, 2010 | Leave a Comment »

Sham Gad has provided an update on his earlier guest post on Paragon Technologies (OTCBB: PGNT), which Daniel Rudewicz of Furlong Samex also covered in January. Sham is the managing partner of Gad Capital Management, a value-focused investment firm modeled after the Buffett Partnerships based in Athens, Georgia. Gad is also the author of the recently released,  ”The Business of Value Investing: [...]

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Former Icahn lieutenant Rachesky takes position in HAWK

Posted in Activist Investors, Liquidation Value, Seahawk Drilling (NASDAQ: HAWK), Stocks, tagged , , on August 19, 2010 | 7 Comments »

Carl Icahn’s former lieutenant Mark Rachesky has opened a position in Seahawk Drilling Inc (NASDAQ:HAWK), a stock I’ve covered in some detail (see the post archive here). Rachesky holds the position in his investment vehicle, MHR Fund Management LLC. Rachesky’s most recent 13F filing indicates he picked up around 1.2M shares for around $11.4M, which implies an average [...]

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Ackman piles into Citi (C), increases position in Kraft (KFT) while Peltz sells out

Posted in Activist Investors, Pershing Square Capital Management, William A. Ackman, tagged , on August 17, 2010 | 1 Comment »

Zero Hedge has a post on Pershing Square’s most recent 13F.  The most notable change is a big position in Citigroup: He’s also increased his position in Kraft, which is interesting because Nelson Peltz has completely sold out of Trian’s position: Trian has been whittling down its stake in Kraft since last year, when Kraft [...]

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Icahn in energy

Posted in About, Activist Investors, Carl Icahn, Stocks, tagged , on August 13, 2010 | Leave a Comment »

Carl Icahn has plowed $1 billion into energy stocks over the last 6 months according to his latest SEC filing. Says The NYTimes Dealbook column: Yet speculation is rife given the activist investor’s history with energy companies and his reputation for focusing on companies that he believes are undervalued and ripe for a shake-up in [...]

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Classic Value Investors on NSACAR stocks ISCA and DVD

Posted in About, Activist Investors, Stocks, tagged , on August 6, 2010 | 1 Comment »

I’m a huge fan of Mariusz Skonieczny’s work at Classic Value Investors, LLC. He’s recently written up the value proposition for International Speedway Corporation (NASDAQ:ISCA), Speedway Motorsports (TRK), and Dover Motorsports (NYSE:DVD). I think NASCAR is a great business. I’ve previously covered an activist filing for DVD, and I think ISCA is one of the cheapest [...]

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Wilbur Ross on Charlie Rose

Posted in About, Activist Investors, Contrarian investment, Liquidation, Liquidation Value, Net Current Asset Value, Stocks, tagged on August 4, 2010 | 5 Comments »

Charlie Rose has a fantastic interview with Wilbur Ross, who played Willy Tanner (the dad) on Alf before becoming an investor in distressed businesses, most notably in the coal, steel and auto parts industries. This profile describes Ross’s start thus: In 2001, when LTV, a bankrupt steel company based in Cleveland, decided to liquidate, Ross [...]

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Peltz files 13D for Family Dollar Stores Inc (NYSE:FDO)

Posted in About, Activist Investors, Value Investment, tagged , on July 30, 2010 | Leave a Comment »

Nelson Peltz’s Trian Fund Management has disclosed a 6.6% stake in Family Dollar Stores Inc (NYSE:FDO). The Purpose of Transaction item on the 13D discloses fairly standard boilerplate, although a buyback seems to be in the plans: The Filing Persons acquired the Shares and Options (collectively, “Issuer Securities”) because they believe that the Shares are currently [...]

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S&P’s list of LBO candidates

Posted in Activist Investors, Stocks, Value Investment, tagged , on July 27, 2010 | Leave a Comment »

The WSJ has an article on Standard & Poor’s Valuation & Risk Strategies list of 10 publicly traded companies that could be LBO targets: Analysts at S&P Valuation & Risk Strategies chose companies in the consumer discretionary and industrial sectors, because these sectors, along with financials, have been especially active for buyouts. Also, they picked [...]

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RDI Update: Settles tax matter with IRS and to receive debt forgiveness

Posted in Activist Investors, Lawndale Capital Management, Reading International Inc (NASDAQ:RDI), Stocks, tagged , , on July 21, 2010 | Leave a Comment »

Andrew Shapiro, President of Lawndale Capital Management, has provided a further update on Reading International Inc (NASDAQ:RDI) (see the RDI post archive here): In Reading’s 2008 Consolidated Entertainment/Pacific Theaters acquisition of 181 movie screens in California and Hawaii, there were three contingent purchase price reduction tests, each forgiving a portion of the acquisition’s seller note PLUS interest [...]

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Cadus Corporation (OTC:KDUS) in the WSJ

Posted in About, Activist Investors, Cadus Corporation (OTC:KDUS), Carl Icahn, Stocks, Value Investment, tagged , on July 19, 2010 | 1 Comment »

In September last year I picked up a small position in Cadus Corporation (OTC:KDUS). The idea was as follows: Cadus Corporation (OTC:KDUS) is an interesting play, but not without hairs on it. First, the good news: It’s trading at a discount to net cash with Carl Icahn disclosing an activist holding in 2002, and Moab [...]

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