Next on the list is
Feldman Mall Properties
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
, 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
, 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
, a list we update each Saturday.