Latest News in Activist Investing

Times are tough, but activist investors are still finding some diamonds among the rough.

Well-known value investor Moab Partners accumulated an additional 1.5 million shares of Biodel(BIOD Quote) since late October 2008. This additional accumulation comes on top of Moab's previous stake of 500,000 shares or so, which it started accumulating in early September.

Moab, which focuses on deep-value plays, announced that the reason it has been aggressively purchasing shares of Biodel is that "as of November 28th, the market cap was only 71% of its cash and marketable securities balances reported in their 10Q for the period ended June 30th."

To read more about this and other activist situations, visit Stockpickr.com.