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Archive for the ‘CuraGen Corporation (NASDAQ:CRGN)’ Category

CuraGen Corporation (NASDAQ:CRGN) has filed its 10Q for the period ended March 31, 2009. CRGN’s stock has risen strongly over the last few months, and is now trading at $1.02, giving it a market capitalization slightly higher than our estimate of its liquidation value. Accordingly, we’re going to take this opportunity to exit. The stock [...]

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The Official Activist Investing Blog has published its list of activist investments for March (links are to the relevant post archive for our open positions):

Ticker
Company
Investor

ACTL
Actel Corp
Ramius Capital

AGYS
Agilysys Inc
Ramius Capital

AMLN
Amylin Pharmaceuticals
Eastbourne Capital

ASPM
Aspect Medical Systems
First Manhattan Co

ASPM
Aspect Medical Systems
Coghill Capital

AVCA
Advocat Inc.
Bristol Investment Fund

AVGN
Avigen Inc
Biotechnology Value Fund

BARI
Bancorp Rhode Island
Financial Edge Fund

BASI
Bioanalytical Systems
Thomas Harenburg

BBI
Blockbuster Inc.
Mark Wattles

BBW
Build-A-Bear Workshop
Crescendo Capital

BNV
Beverly National [...]

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CuraGen Corporation (NASDAQ:CRGN) has filed its 10K for the fiscal year ended December 31, 2008.
We’ve been following CRGN since January 20, 2009 (see our post archive here) because it is a net cash stock with an investor, DellaCamera Capital Management, pushing the company to seek “alternative deployment of [its] capital.” DellaCamera Capital Management has since [...]

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DellaCamera Capital Management has increased its stake in CuraGen Corporation (NASDAQ:CRGN) from 5.6% to 6.5% and nominated two candidates to the board.
We’ve been following CRGN since January 20, 2009 (see our post archive here) because it is a net cash stock with an investor, DellaCamera Capital Management, pushing the company to seek “alternative deployment of [...]

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Greenbackd Portfolio Q1 performance and update

March 1, 2009 marked the end of Greenbackd’s first quarter, so we thought we’d take the opportunity to update you on the performance of the Greenbackd Portfolio and the positions in the portfolio, discuss some changes in our valuation methodology since our first post and outline the future direction of Greenbackd.com.
First quarter performance of the [...]

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CuraGen Corporation (NASDAQ:CRGN) has announced that it is considering strategic alternatives to enhance shareholder value including selling or licensing CR011, acquiring additional assets or business lines, or selling the company.
We started following CRGN on January 20 this year because it is a net cash stock with an investor, DellaCamera Capital Management, disclosing a 5.6% holding [...]

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The Official Activist Investing Blog has published its list of activist investments for January (the investments with links are to our latest update at the time of this post):

Ticker
Company
Activist Investor

ABVA
Alliance Bankshares Corp
John Edgemond

AMLN
Amylin Pharmaceuticals
Carl Icahn; Eastbourne Capital

AVGN
Avigen Inc.
Biotechnology Value Fund

BIOD
Biodel Inc
Moab Partners

BKS
Barnes & Noble, Inc
Yucaipa Companies

CHUX
O’Charley’s Inc
Crescendo Partners

CITZ
CFS Bancorp
Financial Edge Fund

CLCT
Collectors Universe
Shamrock Activist Fund

CNBC
Center Bancorp
Lawrence [...]

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CuraGen Corporation (NASDAQ:CRGN) is a net cash stock with an investor, DellaCamera Capital Management, disclosing a 5.6% holding in a 13D filed on January 15. At its $0.67 closing price Friday, CRGN’s market capitalization is $38.5M. We estimate CRGN’s net cash value to be 60% higher at $62M or $1.07 per share. The company is [...]

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