Stockpickr's Activist Track Stocks

Agilysys, which provides IT solutions to corporate and public-sector customers, is down about 50% for the year. The company has $50 million in cash, a 15% short position and a $20 book value, which means that the company is selling substantially below its tangible book value.

With Ramius Capital Group trying to shake things up, this seems like a good snapback play.

Next on the list is Greenbrier(GBX Quote). Carl Icahn recently cut his stake in Greenbrier, from 1.53 million shares to 1.34 million shares, after disclosing that he doesn't plan to pursue a merger with Greenbrier and American Railcar(ARII Quote), in which Icahn has a 51% stake.

Next is Asyst Technologies(ASYT Quote). Noted small-cap hedge fund Riley Investment Management, announced its intention to replace six of the seven board members of Asyst Technologies. In May, Aquest Systems and Gores Group withdrew their unsolicited offer to acquire Asyst for $5 to $6 per share, saying the company declined to negotiate.

It appears that Riley Investment Management will shake things up and try to get the company to put itself on the block.

Asyst has a forward P/E of 11.65 and an 8% short position.

For more activist ideas, including Sonus Networks(SONS Quote) and Fording(FDG Quote), please check out the Latest Activist Situations portfolio at Stockpickr.com, which we update daily with the latest situations recorded by the StreetInsider.com 13D Tracker.

Also, here are the latest activist filings from Barron's.