Heartland Advisors, investment advisor to the Heartland Funds, today released a statement in support of Digirad Corporation (NASDAQ: DRAD):
“Heartland Advisors has been a loyal Digirad Corporation shareholder since 2006 with holdings of 1.8 million shares as of March 31, 2012. We are pleased with the changes to Digirad’s corporate governance policies and look forward to hearing an update on strategic market opportunities. Shareholder value creation has been elusive since Digirad went public, but we support all eight current board members, including Gerhard F. Burbach, John M. Climaco, Todd P. Clyde, Jeffrey E. Eberwein, Charles M. Gillman, James B. Hawkins, R. King Nelson, and John W. Sayward, and believe they will unlock the company’s intrinsic value.”
Heartland Advisors, Inc. is an independently owned Milwaukee-based firm established in 1983 and renowned as America’s Value Investor®. As of May 31, 2012, the firm managed approximately $4.9 billion for institutional and high net worth clients and the Heartland family of value-driven mutual funds, which include the Heartland Value Fund (Investor: HRTVX), Heartland Value Plus Fund (Investor: HRVIX), Heartland Select Value Fund (Investor: HRSVX), and Heartland International Value Fund (HINVX). Learn more at www.heartlandfunds.com and www.heartlandinternationalfund.com.Portfolio holdings are subject to change. Current and future holdings are subject to risk. Statements regarding securities are not recommendations to buy or sell the securities discussed, but rather illustrations of our value investment strategy. Such statements represent the portfolio manager’s views when made and are subject to change at any time based on market and other considerations.