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Archive for the ‘Rackable Systems Inc (NASDAQ:RACK)’ Category

Greenbackd Portfolio Q2 Performance and Update

Posted in About, Liquidation Value, Stocks, Avigen (NASDAQ:AVGN), Autobytel (NASDAQ:ABTL), MathStar Inc (OTC:MATH), Greenbackd, Greenbackd Portfolio, Axcelis Technologies Inc (NASDAQ:ACLS), Network Engines Inc (NASDAQ:NENG), Northstar Neuroscience Inc (NASDAQ:NSTR), Soapstone Networks Inc (NASDAQ:SOAP), Ditech Networks Inc (NASDAQ:DITC), Neurobiological Technologies Inc (NASDAQ:NTII), Rackable Systems Inc (NASDAQ:RACK), Vanda Pharmaceuticals Inc (NASDAQ:VNDA), VaxGen Inc (OTC:VXGN), tagged , , , , , , , on June 1, 2009 | Leave a Comment »

Update June 16, 2009: SOAP has announced that it proposes to liquidate. See our post below. Update June 3, 2009: We’ve pinned this post to the front page. Any new posts between now and July 4th will appear below this post. — June 1, 2009 marked the end of Greenbackd’s second quarter. It’s time again [...]

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RACK suspends buyback and enters agreement to acquire Silicon Graphics; Greenbackd exits position

Posted in Rackable Systems Inc (NASDAQ:RACK), Stocks, tagged , , on April 2, 2009 | 3 Comments »

Rackable Systems Inc (NASDAQ:RACK) has announced that it is suspending its buyback and acquiring substantially all the assets of Silicon Graphics Inc (NASDAQ:SGIC) for “approximately $25 million in cash, subject to adjustment in certain circumstances, plus the assumption of certain liabilities associated with the acquired assets.” Without the buyback, our investment thesis is gone, so [...]

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Rackable Systems Inc (NASDAQ:RACK) 10K update

Posted in Catalysts, Rackable Systems Inc (NASDAQ:RACK), Share buy-backs, Stocks, tagged , , on March 20, 2009 | 1 Comment »

Rackable Systems Inc (NASDAQ:RACK) has filed its 10K for the year ended January 3, 2009. We’ve been following RACK (see our post archive here) because it is an undervalued asset play with a plan to repurchase almost 40% of its stock. The stock is up 10.1% from $3.56 when we added it to the Greenbackd [...]

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Rackable Systems Inc (NASDAQ:RACK)

Posted in Greenbackd Portfolio, Net Cash Stocks, Net Net Stocks, Rackable Systems Inc (NASDAQ:RACK), Share buy-backs, Stocks, tagged , , , on March 11, 2009 | 6 Comments »

Rackable Systems Inc (NASDAQ:RACK) is a new undervalued asset play with a plan to repurchase almost 40% of its stock at current prices. At RACK’s $3.56 closing price yesterday, the company has a market capitalization of $106.4M. We estimate the company’s liquidation value to be 60% higher at $170.3M or $5.74 per share. If the [...]

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