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 [...]
Archive for the ‘Soapstone Networks Inc (NASDAQ:SOAP)’ Category
SOAP to explore strategic alternatives
Posted in Activist Investors, Mithras Capital, Net Cash Stocks, Soapstone Networks Inc (NASDAQ:SOAP), Stocks, tagged Activist investment, Liquidating Value, Mithras Capital, Net Cash Stock, Soapstone Networks Inc (NASDAQ:SOAP) on February 20, 2009 | 3 Comments »
Soapstone Networks Inc (NASDAQ:SOAP)
Posted in Activist Investors, Mithras Capital, Soapstone Networks Inc (NASDAQ:SOAP), Stocks, tagged Mark Nelson, Mithras Capital, Soapstone Networks Inc (NASDAQ:SOAP) 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 [...]

