View SEC Filings View Insider Trading View Annual Reports Consolidated-Tomoka Land Co. (AMEX: CTO) directors may face some competition at the company’s next annual meeting. Wintergreen Advisors, which owns a 25% stake in the firm, made several proposals aimed at improving corporate transparency and generating shareholder value in a regulatory filing with the Securities and Exchange Commission....
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Yahoo Inc. (NDAQ: YHOO) shares are trading lower despite news of an increased investment by billionaire activist Carl Icahn. The corporate raider had pressured the firm to sell itself to Microsoft for a substantial premium to the current market price. Since Microsoft's offer was rebuffed, shares of Yahoo have fallen sharply as the economic crisis deepened. So, why has Carl Icahn increased his i...
The Securities and Exchange Commission (SEC) is quickly changing regulations to encourage transparency for individual investors. Several accounting changes are under review, including mark-to-market, while the commission continues to prosecute insiders involved with fraud. However, the recent move to eliminate paper filings and require electronic filings may usher in a whole new era of transpar...
Orange 21 Inc. (NDAQ: ORNG) shares opened lower after Costa Brava withdrew its $3.90 per share aquisition offer. Many investors are attributing this withdrawal to the poor financing environment that may prohibit anything but an all-cash deal. In fact, Orange 21 even reported a net income of $6,000 for the quarter compared to a loss of $58,000 during the prior year quarter. Consolidated net sale...
Enzon Pharmaceuticals, Inc. (NDAQ: ENZN) shares moved higher after a large investor disclosed that they hired an advisor to explore strategic alternatives for the company in a Schedule 13D filing with the SEC. DellaCamerca Capital Master Fund engaged the investment banking firm Moelis & Company LLC to explore strategic alternatives with respect to the investment in the company. The 7.8% sha...
Mark-to-market accounting is a term that has received a lot of press in recent months as toxic securities seemed to come out of the woodwork. The idea is that companies holding illiquid securities should sell a few to get a fair market price and then value their portfolio at that value rather than an "estimated value" or "last trade value". The big debate now is whether or not mark-to-market ac...
International Shipholding Corporation (NYSE: ISH) may be charting a new course after an activist investor took aim at the board. Liberty Shipping Group owns a 9% stake in the firm and previously made an offer to acquire the company. The board established a "special committee" to review the proposal, but failed to take action on the offer. This prompted Liberty to take matters into its own hands...
Cliffs Natural Resources Inc. (NYSE: CLF) shares fell sharply after the proposed with rival Alpha Natural Resources (NYSE: ANR) fell through toady. This didn't come as a surprise to many shareholders as the value of the deal fell from $8.3 billion when announced to just $2.9 billion right now. However, the failure marks a victory for Philip Falcone's Harbinger Capital who faught the merger agre...
Bio-Imaging Technologies, Inc. (NDAQ: BITI) shares moved higher after a large shareholder recommended changes to improve the firm in a Schedule 13D filing with the SEC. Heathinvest Partners disclosed a 5.3% stake in the firm and said they are very frustrated with the recent performance of the company that has resulted in the deterioration of value in 2008. Although the Imaging Services division...
How much are you spending on your Christmas presents this year? Lazard Capital apparently spent too much on its gift-giving after regulators found some $600,000 spent "improperly entertaining" Fidelity Investments employees to generate brokerage business. The SEC found that former head of Lazard Capital Market's US sales and trading department, David Tashjian, and a few employees gave extraordi...