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Posts Tagged ‘Nery Capital Partners’

InFocus Corporation (NASDAQ:INFS) has released its results for the fourth quarter and full year ended December 31 and they are, frankly, nothing short of horrific. As always, Greenbackd’s concern is primarily for the state of the balance sheet and the liquidation value of the company. Here, the news is bad: Balance Sheet Total cash and [...]

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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 [...]

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InFocus Corporation (NASDAQ:INFS) has just announced that its board has amended INFS’s bylaws and adopted what it euphemistically calls a “Shareholder Rights Plan.” The company’s press release reads: Effective today, if any person or group acquires 15 percent or more of the voting power of the Company’s outstanding common stock without the approval of the [...]

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Nery Capital has increased its holding in InFocus Corporation (NASDAQ:INFS) according to its most recent 13D amendment filed January 5 this year.  Nery Capital now controls 12.2% of INFS’s outstanding stock, up from 11.2% at its last filing on December 5, 2008. We’ve been following INFS because it is a deeply undervalued asset situation with [...]

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According to the Portland Business Journal, a group of “high-powered executives” plan to save InFocus Corporation (NASDAQ:INFS) from “New York sharks” who want to liquidate the company for a quick profit. The group, which includes Steve Hix, INFS’s co-founder, wants to buy the company if they can get financing. The group says its strategy, which [...]

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InFocus Corporation (NASDAQ:INFS) held a conference call yesterday to discuss the progress of its auction. We’ve previously posted about INFS here, here and here, writing that it is a deeply undervalued asset situation with two activist investors, Nery Capital Partners and Lloyd I. Miller, III, pushing the company to “consider the views expressed by its [...]

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We’ve recently posted about INFS’s value proposition here (it’s deeply undervalued) and the effect of a big buy back on the per share value of the company here (it’s hugely positive). The company today announced plans to restructure and reduce its global workforce by approximately 30%, commencing in January 2009 and spanning a twelve month [...]

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InFocus Corporation (NASDAQ:INFS) is a deeply undervalued asset situation with two activist investors, Nery Capital Partners and Lloyd I. Miller, III, disclosing holdings in the company. At its closing price yesterday of $0.63, INFS has a market capitalization of $25.6M. We estimate its liquidating value to be more than 80% higher at $46.7M or $1.15 [...]

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The Official Activist Investing Blog has published its list of activist investments for November: Ticker Company Activist Investor ABTL Autobytel Inc Trilogy Inc ACF AmeriCredit Corp Fairholme Capital Management ACTL Actel Corp Ramius Capital ADPT Adaptec, Inc Steel Partners ARCW Arc Wireless Solutions Brean Murray Carret Group ATSG Air Transport Services Group Perella Weinberg Partners [...]

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