Stockpickr

Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW

Stockpickr's Activist Track Stocks

04/21/08 - 12:17 PM EDT

Stockpickr Staff

Since most hedge funds get paid based on their returns for the year, managers who want to get the most out of a stock investment often turn to shareholder activism as a way to increase shareholder value and ultimately boost their returns.

Here at Stockpickr.com we track all of the Latest Activist Situations recorded by StreetInsider.com 13D Tracker for those interested in possibly piggybacking these activist funds.

One of the stocks to watch is Vaalco Energy EGY. New York-based hedge fund Nanes Delorme Partners last month told the board of directors that the company was undervalued and should evaluate strategic alternatives, including putting itself up for sale.

Houston-based Vaalco Energy is an independent energy company with a lot of its assets based in the high-margin area of West Africa. The company also has a 10% buyback in place. Nanes Delome is the largest shareholder in Vaalco and said that the company could fetch a minimum of $7.12 per share.

Another stock to watch is Jackson Hewitt Tax Service JTX. Here, well-known activist hedge fund Shamrock Value Fund is looking to shake things up a bit.

Shamrock, which owns 10.15% of the income tax service company, last week asked to remove a shareholder-rights plan, which it suggests will improve the board's accountability and create greater value for shareholders.

Shares of Jackson Hewitt are down more than 50% year to date amidst the current credit-crunch.

At Silicon Storage SSTI, Riley Investment Management, a small-cap only hedge fund looking for change, has nominated four members to the board. Riley says its nominees would take "an active role" in turning around the company.

Shares of Silicon Storage are down about 35% over the past year.

For more activist ideas, including Bear Stearns BSC and MDS MDZ, check out the Latest Activist Situations, a portfolio we update daily with significant shareholder activist moves.

You can also check out the latest activist filings from Barron's, a list we update each Saturday.




Stockpickr is a wholly owned subsidiary of TheStreet.com.

TheStreet Picks

Stockpickr

Go To Section Home


04/20/08
This Week's Barron's Roundup

Stocks featured in the publication's latest edition that are seeing significant insider or hedge fund buying, and more.


04/18/08
Friday's Asia ADR Recap

The stocks from China and India making moves and news in the U.S.


04/18/08
'Fast Money' Portfolios of the Week

Here are some of the stocks the 'Fast Money' crew has been talking about lately.


05/19/08
Cramer on Top Searched Stocks: Yahoo!

Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.


05/17/08
Jim Cramer's Best Blogs

Catch up on his thinking on the hottest topics of the past week.


04/26/08
Coming Week: Make or Break

Investors will have to deal with a Fed meeting and another flood of earnings and economic data.


05/19/08
Top Rocket Stocks: Ensco

Ensco International and Echelon have the potential to move higher in coming days.


04/28/08
Monday's Analysts' Upgrades, Downgrades

See who made what calls.


05/19/08
Telecom Giants See a Savior in Video

The addition of video is helping telecom companies compete against cable and satellite companies.


05/19/08
Contract Expiration Tempers Oil's Rise

The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.


05/19/08
Analysts' Upgrades, Downgrades: Amazon

See who made what calls.


Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now.

Keep on top of the market and the critical information you need to make more profitable investing decisions.

  • Cramer's Daily Booyah!
  • Before the Bell

Privacy Policy

See All Free Newsletters

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!