Feeds:
Posts
Comments

Archive for the ‘Mithras Capital’ Category

Soapstone Networks Inc (OTC:SOAP) Q3 2009 10Q update

Posted in Activist Investors, Mithras Capital, Soapstone Networks Inc (NASDAQ:SOAP), Stocks, tagged , , on November 19, 2009 | Leave a Comment »

Soapstone Networks Inc (NASDAQ:SOAP) has released its 10Q for the period ended September 30, 2009. We first looked at SOAP on February 2nd (see Greenbackd’s post archive here) because it was trading well below its net cash value. An activist investor, Mithras Capital, had disclosed an 8.7% holding and called on the company to liquidate. [...]

Read Full Post »

SOAP sells assets

Posted in Activist Investors, Mithras Capital, Net Cash Stocks, Soapstone Networks Inc (NASDAQ:SOAP), Stocks, tagged , , , on August 11, 2009 | 3 Comments »

Soapstone Networks Inc (NASDAQ:SOAP) has announced the sale of its software assets to Extreme Networks, Inc. (NASDAQ: EXTR). The sale price was not disclosed in the announcement, but may have been less than $5M. We opened the position in SOAP on February 2nd (see our post archive here) because it was trading well below our [...]

Read Full Post »

Valuing the SOAP stub

Posted in Activist Investors, Mithras Capital, Net Cash Stocks, Net Net Stocks, Soapstone Networks Inc (NASDAQ:SOAP), Stocks, tagged , , , , on August 3, 2009 | 3 Comments »

Soapstone Networks Inc (NASDAQ:SOAP) closed Friday at $0.495 following the payment last week of a $57.5M or $3.75 per share special dividend. The company estimates the final distribution at between $0.25 and $0.75 per share. The higher end of the distribution range represents a ~50% upside from Friday’s close, so we’re going to do some [...]

Read Full Post »

SOAP stockholders approve plan of liquidation; $3.75 dividend paid

Posted in Activist Investors, Greenbackd Portfolio, Mithras Capital, Net Cash Stocks, Soapstone Networks Inc (NASDAQ:SOAP), Stocks, tagged , , , , on July 30, 2009 | 9 Comments »

Soapstone Networks Inc (NASDAQ:SOAP) has announced that the stockholders have approved the liquidation and dissolution of the company. We started following SOAP (see our post archive here) because it was trading well below its net cash value with an activist investor, Mithras Capital, disclosing an 8.7% holding in October last year. The stock is up [...]

Read Full Post »

SOAP announces liquidation

Posted in Activist Investors, Mithras Capital, Net Cash Stocks, Soapstone Networks Inc (NASDAQ:SOAP), Stocks, tagged , , , on June 16, 2009 | 5 Comments »

Soapstone Networks Inc (NASDAQ:SOAP) has announced that it intends to liquidate and has filed its Plan of Liquidation. We been following SOAP (see our post archive here) because it was trading well below its net cash value with an activist investor, Mithras Capital, disclosing an 8.7% holding in October last year. The stock is up [...]

Read Full Post »

Soapstone Networks Inc (NASDAQ:SOAP) Q1 update

Posted in Activist Investors, Mithras Capital, Net Net Stocks, Soapstone Networks Inc (NASDAQ:SOAP), Stocks, tagged , , , , on May 1, 2009 | 2 Comments »

Soapstone Networks Inc (NASDAQ:SOAP) has filed its 10Q for the quarter ended March 31, 2009. We been following SOAP (see our post archive here) because it is trading well below its net cash value with an activist investor, Mithras Capital, disclosing an 8.7% holding in October last year. The stock is up 48.0% from $2.50 [...]

Read Full Post »

SOAP reduces headcount by 40%

Posted in Activist Investors, Mithras Capital, Net Cash Stocks, Soapstone Networks Inc (NASDAQ:SOAP), Stocks, tagged , , , on April 16, 2009 | Leave a Comment »

Soapstone Networks Inc (NASDAQ:SOAP) has announced that it is reducing its headcount by approximately 40% “to reduce expenses and conserve cash in the current economic environment without diminishing the overall value of the Company.” We been following SOAP (see our post archive here) because it is trading well below its net cash value with an [...]

Read Full Post »

Soapstone Networks Inc (NASDAQ:SOAP) 10K update

Posted in Activist Investors, Mithras Capital, Soapstone Networks Inc (NASDAQ:SOAP), Stocks, tagged , , , , , on March 16, 2009 | 12 Comments »

Soapstone Networks Inc (NASDAQ:SOAP) has filed its 10K for the year ended December 31, 2008. We started following SOAP on February 2 this year (see our post archive here) because it was trading well below its net cash value with an activist investor, Mithras Capital, disclosing an 8.7% holding in October last year. The stock [...]

Read Full Post »

SOAP to explore strategic alternatives

Posted in Activist Investors, Mithras Capital, Net Cash Stocks, Soapstone Networks Inc (NASDAQ:SOAP), Stocks, tagged , , , , on February 20, 2009 | 3 Comments »

Soapstone Networks Inc (NASDAQ:SOAP) has engaged an investment bank to explore strategic alternatives for enhancing shareholder value, which may include paying a cash dividend, repurchasing shares, selling or spinning off assets, merging, sale or liquidation. We started following SOAP on February 2 because it was trading well below its net cash value with an activist [...]

Read Full Post »

Soapstone Networks Inc (NASDAQ:SOAP)

Posted in Activist Investors, Mithras Capital, Soapstone Networks Inc (NASDAQ:SOAP), Stocks, tagged , , on February 2, 2009 | 3 Comments »

Soapstone Networks Inc (NASDAQ:SOAP) is a net cash stock with an activist investor, Mithras Capital, disclosing an 8.7% holding in October last year. At its $2.50 close Friday, SOAP has a market capitalization of $37.1M. We estimate the company’s net cash value to be almost 150% higher at $91.2M or $6.15 per share. We’re adding [...]

Read Full Post »

Follow

Get every new post delivered to your Inbox.

Join 1,008 other followers