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	<title>Greenbackd &#187; Activist Investors</title>
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	<link>http://greenbackd.com</link>
	<description>Deep value, contrarian, and activist value investment strategies</description>
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		<title>Greenbackd &#187; Activist Investors</title>
		<link>http://greenbackd.com</link>
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		<title>Buffett buys newspaper division of Media General $MEG</title>
		<link>http://greenbackd.com/2012/05/29/buffett-buys-newspaper-division-of-media-general-meg/</link>
		<comments>http://greenbackd.com/2012/05/29/buffett-buys-newspaper-division-of-media-general-meg/#comments</comments>
		<pubDate>Tue, 29 May 2012 16:02:34 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Warren Buffett]]></category>
		<category><![CDATA[Media General Inc (NYSE:MEG)]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=5722</guid>
		<description><![CDATA[I&#8217;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&#38;A market for both newspaper and broadcast television and to sell all operating units of MEG in order to retire existing corporate and pension [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&#038;blog=5581605&#038;post=5722&#038;subd=greenbackd&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2012/05/29/buffett-buys-newspaper-division-of-media-general-meg/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>Value investing works, so why do value investors underperform? The evidence for activist value investors</title>
		<link>http://greenbackd.com/2012/04/26/value-investing-works-so-why-do-value-investors-underperform-the-evidence-for-activist-value-investors/</link>
		<comments>http://greenbackd.com/2012/04/26/value-investing-works-so-why-do-value-investors-underperform-the-evidence-for-activist-value-investors/#comments</comments>
		<pubDate>Thu, 26 Apr 2012 16:00:02 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Value Investment]]></category>
		<category><![CDATA[Activism]]></category>
		<category><![CDATA[Value investing]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=5358</guid>
		<description><![CDATA[This week I&#8217;ve been taking a look at Aswath Damodaran&#8217;s paper &#8221;Value Investing: Investing for Grown Ups?&#8221; in which he asks, &#8220;If value investing works, why do value investors underperform?&#8221; Damodaran divides the value world into three groups: &#8220;The Passive Screeners,&#8221; &#8211; &#8220;The Graham approach to value investing is a screening approach, where investors adhere to strict screens&#8230; [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&#038;blog=5581605&#038;post=5358&#038;subd=greenbackd&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2012/04/26/value-investing-works-so-why-do-value-investors-underperform-the-evidence-for-activist-value-investors/feed/</wfw:commentRss>
		<slash:comments>4</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/2012/04/damoactivismmotives.jpg" medium="image">
			<media:title type="html">DamoActivismMotives</media:title>
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			<media:title type="html">DamoActivistReturns</media:title>
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	</item>
		<item>
		<title>Kinnaras sends new letter to board of Media General Inc ($MEG)</title>
		<link>http://greenbackd.com/2012/04/23/kinnaras-sends-new-letter-to-board-of-media-general-inc-meg/</link>
		<comments>http://greenbackd.com/2012/04/23/kinnaras-sends-new-letter-to-board-of-media-general-inc-meg/#comments</comments>
		<pubDate>Mon, 23 Apr 2012 17:22:41 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Kinnaras Capital Management]]></category>
		<category><![CDATA[Media General Inc (NYSE:MEG)]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=5310</guid>
		<description><![CDATA[Kinnaras Capital Management demonstrates characteristic tenacity in a new letter to Media General Inc (NYSE:MEG) sent after Kinnaras&#8217;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 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&#038;blog=5581605&#038;post=5310&#038;subd=greenbackd&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2012/04/23/kinnaras-sends-new-letter-to-board-of-media-general-inc-meg/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>Kinnaras sends follow up letter to board of Media General Inc ($MEG)</title>
		<link>http://greenbackd.com/2012/04/12/kinnaras-sends-follow-up-letter-to-board-of-media-general-inc-meg/</link>
		<comments>http://greenbackd.com/2012/04/12/kinnaras-sends-follow-up-letter-to-board-of-media-general-inc-meg/#comments</comments>
		<pubDate>Thu, 12 Apr 2012 18:40:58 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Liquidation Value]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Value Investment]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Media General Inc (NYSE:MEG)]]></category>
		<category><![CDATA[Shareholder activist]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=5293</guid>
		<description><![CDATA[Kinnaras Capital Management has sent a follow up letter to Media General Inc (NYSE:MEG) requesting the board &#8220;selloff MEG in its entirety and divorce this company from the inept management team currently at the helm.&#8221; In its earlier letter Kinnaras expressed frustration with the performance of MEG, and urged the Board to &#8220;take advantage of the robust M&#38;A market [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&#038;blog=5581605&#038;post=5293&#038;subd=greenbackd&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2012/04/12/kinnaras-sends-follow-up-letter-to-board-of-media-general-inc-meg/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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		<item>
		<title>Kinnaras sends open letter to board of Media General Inc (NYSE:MEG)</title>
		<link>http://greenbackd.com/2012/04/05/kinnaras-sends-open-letter-to-board-of-media-general-inc-nysemeg/</link>
		<comments>http://greenbackd.com/2012/04/05/kinnaras-sends-open-letter-to-board-of-media-general-inc-nysemeg/#comments</comments>
		<pubDate>Thu, 05 Apr 2012 18:05:34 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Liquidation Value]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Kinnaras Capital Management]]></category>
		<category><![CDATA[Media General Inc (NYSE:MEG)]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=5286</guid>
		<description><![CDATA[Kinnaras Capital Management has sent an open letter to Media General Inc (NYSE:MEG) expressing frustration with the performance of the company and &#8220;urging the Board to take advantage of the robust M&#38;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 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&#038;blog=5581605&#038;post=5286&#038;subd=greenbackd&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2012/04/05/kinnaras-sends-open-letter-to-board-of-media-general-inc-nysemeg/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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		<item>
		<title>J Carlo Cannell and Steller&#8217;s Sea Cow</title>
		<link>http://greenbackd.com/2011/12/07/j-carlo-cannell-and-stellers-sea-cow/</link>
		<comments>http://greenbackd.com/2011/12/07/j-carlo-cannell-and-stellers-sea-cow/#comments</comments>
		<pubDate>Wed, 07 Dec 2011 05:00:10 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Cannell Capital]]></category>
		<category><![CDATA[J. Carlo Cannell]]></category>
		<category><![CDATA[Value Investing Congress]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=5224</guid>
		<description><![CDATA[J. Carlo Cannell runs Cannell Capital, the long/short activist investment firm he founded in 1992 with just $600,000 under management. Cannell&#8217;s ideas are as unconventional as the man himself &#8211; he&#8217;s a Princeton liberal arts major, then freelance journalist in Fiji &#8211; and he describes himself as a &#8220;fox, not a hedge hog&#8221; (referring, I guess, to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&#038;blog=5581605&#038;post=5224&#038;subd=greenbackd&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2011/12/07/j-carlo-cannell-and-stellers-sea-cow/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">greenbackd</media:title>
		</media:content>

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		<item>
		<title>Icahn sets deadline for Commercial Metals Company (NYSE:CMC); Bids $15 per share</title>
		<link>http://greenbackd.com/2011/12/06/icahn-stirs-the-pot-at-commercial-metals-company-nysecmc/</link>
		<comments>http://greenbackd.com/2011/12/06/icahn-stirs-the-pot-at-commercial-metals-company-nysecmc/#comments</comments>
		<pubDate>Tue, 06 Dec 2011 05:26:59 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activism]]></category>
		<category><![CDATA[Carl Icahn]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=5220</guid>
		<description><![CDATA[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 &#8211; Carl C. Icahn today announced that Icahn Enterprises Holdings [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&#038;blog=5581605&#038;post=5220&#038;subd=greenbackd&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2011/12/06/icahn-stirs-the-pot-at-commercial-metals-company-nysecmc/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">greenbackd</media:title>
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		<item>
		<title>Action at Adams Golf Inc (NASDAQ:ADGF)</title>
		<link>http://greenbackd.com/2011/12/05/action-at-adams-golf-inc-nasdaqadgf/</link>
		<comments>http://greenbackd.com/2011/12/05/action-at-adams-golf-inc-nasdaqadgf/#comments</comments>
		<pubDate>Mon, 05 Dec 2011 05:00:40 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Adams Golf Inc (NASDAQ:ADGF)]]></category>
		<category><![CDATA[Jay Schembs]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=5196</guid>
		<description><![CDATA[Here&#8217;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 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&#038;blog=5581605&#038;post=5196&#038;subd=greenbackd&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2011/12/05/action-at-adams-golf-inc-nasdaqadgf/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">greenbackd</media:title>
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		<title>Guest Post: Travis Dirks on ModusLink Global Solutions Inc (NasdaqGS:MLNK)</title>
		<link>http://greenbackd.com/2011/12/02/guest-post-travis-dirks-on-moduslink-global-solutions-inc-nasdaqgsmlnk/</link>
		<comments>http://greenbackd.com/2011/12/02/guest-post-travis-dirks-on-moduslink-global-solutions-inc-nasdaqgsmlnk/#comments</comments>
		<pubDate>Fri, 02 Dec 2011 16:19:55 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investing]]></category>
		<category><![CDATA[Rotary Gallop]]></category>
		<category><![CDATA[Travis Dirks]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=5206</guid>
		<description><![CDATA[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 &#8212;- To Fellow Greenbackd [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&#038;blog=5581605&#038;post=5206&#038;subd=greenbackd&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2011/12/02/guest-post-travis-dirks-on-moduslink-global-solutions-inc-nasdaqgsmlnk/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">greenbackd</media:title>
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			<media:title type="html">Rotary Gallop</media:title>
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		<title>Guest post: Imation Corp (NYSE:IMN) Worth More Sold Than Alone</title>
		<link>http://greenbackd.com/2011/11/30/guest-post-imation-corp-nyseimn-worth-more-sold-than-alone/</link>
		<comments>http://greenbackd.com/2011/11/30/guest-post-imation-corp-nyseimn-worth-more-sold-than-alone/#comments</comments>
		<pubDate>Wed, 30 Nov 2011 21:10:50 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Net Net Stocks]]></category>
		<category><![CDATA[Value Investment]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Amit Chokshi]]></category>
		<category><![CDATA[Imation Corp (NYSE:IMN)]]></category>
		<category><![CDATA[Kinnaras Capital]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=5198</guid>
		<description><![CDATA[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 &#8220;throwaways&#8221; of the equity market, or [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&#038;blog=5581605&#038;post=5198&#038;subd=greenbackd&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2011/11/30/guest-post-imation-corp-nyseimn-worth-more-sold-than-alone/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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