Feeds:
Posts
Comments

Archive for the ‘Breeden Capital Management’ Category

Zale Corporation (NYSE:ZLC) position closed

Posted in Activist Investors, Breeden Capital Management, Richard Breeden, Stocks, Zale Corporation (NYSE:ZLC), tagged , , , , on February 26, 2009 | 2 Comments »

Zale Corporation (NYSE:ZLC) has released its results for the quarter to January 31, 2009. After reviewing the results, we have significantly reduced our original estimate for the company’s liquidating value since we initiated the position at $4.82 on December 3, 2008. Our initial analysis of ZLC’s balance sheet was overly optimistic. We’ve now applied more [...]

Read Full Post »

Zale Corporation (NYSE:ZLC)

Posted in Activist Investors, Breeden Capital Management, Richard Breeden, Stocks, Zale Corporation (NYSE:ZLC) on December 3, 2008 | 1 Comment »

Zale Corporation (NYSE:ZLC) is an undervalued asset situation with a well-known activist investor, Richard Breeden of Breeden Capital Management LLC, holding two seats on the board. At yesterday’s closing price of $4.82, the company has a market capitalization of $154M. We estimate the liquidation value of the company at around $243M or $7.63 per share, [...]

Read Full Post »