Next on the list is Feldman Mall Properties (FMP).
Investor James Sight plans to present a slate of nominees for the board of directors at the real estate investment trust. Sight said that the performance of Feldman Mall Properties is "well-documented, and the current board does not appear capable of doing anything to enhance shareholder value."
Sight said he has attempted to work out a compromise to put experienced shareholders on the board and also has asked for a shareholder list, which he said was denied based on a "self-serving technicality."
Feldman recently said that a review of the micro-cap company's strategic alternatives didn't lead to a completion of any strategic transactions. The company said that it remains committed to exploring its options. We'll keep an eye on this situation.Another activist situation involves Fisher Communications (FSCI), which received a letter from Gamco Investors pushing management to use cash flow to repurchase shares. Fisher Communications has a stated book value of $26.7 a share and a trailing price-to-earnings ratio of 9. For more activist ideas, including Countrywide (CFC) and AMR (AMR), 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.