Mon, Sep 22, 2014, 2:45 AM EDT - U.S. Markets open in 6 hrs 45 mins

Recent

% | $
Quotes you view appear here for quick access.

ModusLink Global Solutions, Inc. Message Board

SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    couple of fair-sized blocks at the end

    by sp00k2b Sep 19, 2014 4:18 PM

    Thanks spook2b

  • Reply to

    couple of fair-sized blocks at the end

    by sp00k2b Sep 19, 2014 4:18 PM

    gtwinkies, since this is MLNK's 4th fiscal quarter this report will be an annual report, meaning they have 75 days to file. They've been taking most of the allotted time for previous reports, so if they do that for this one, you can expect to see something on or around Oct 14. I wrote you a much more detailed response, but Yahoo evidently managed to lose it.

  • Reply to

    couple of fair-sized blocks at the end

    by sp00k2b Sep 19, 2014 4:18 PM

    I was thinking last day to report earnings was September 13Th. It did not happen. There has been no activity on MED side too . Any thoughts on what has been happening ?
    Lost lot of money on MLNK and other local companies like ( SONS, KOPN and NUAN ), getting disappointed and frustrated

  • Would it be possible to buy MLNK

  • 16:00:01 .. $ 3.83 .. 57,441

    16:00:00 .. $ 3.83 .. 67,855

    I noticed a lot of small trades right around 3:50 totaling around 32K shares, so with those 2 trades above that accounts for almost exactly 60% of today's volume.

  • Where is this big move up post the Medifast purchase? It sure doesn't look much better but maybe the inside guys at HnH are getting richer.....

  • Reply to

    MED blocks

    by spook2b Sep 5, 2014 2:43 PM

    We'll see in a month when 4th quarter is reported. May be a nice jump.
    JJ

    Sentiment: Strong Buy

  • Reply to

    MED blocks

    by spook2b Sep 5, 2014 2:43 PM

    Don't think MLNK/Steel Partners/HNH do not have friends/hedge funds to buy up shares and vote management out...

  • Reply to

    MED blocks

    by spook2b Sep 5, 2014 2:43 PM

    Don't think MLNK/Steel Partners/HNH do not have friends/hedge funds to buy up shares and vote management out...

  • Reply to

    MED blocks

    by spook2b Sep 5, 2014 2:43 PM

    More idle speculation on my part - I've been thinking in terms of more buying by MLNK, though the poison pill would seem to preclude that. What I hadn't considered is that MED has at least one "activist investor" in Engaged Capital, which had a 558,000-share stake in MED as of 6/30. I guess it's possible that Engaged, or some other large holder has decided to accumulate enough shares to near the 10% mark, sensing that there is a possible value play here. IF those 3 blocks this morning were Engaged or any of several 4-5% holders, it would increase their stake to around 1M shares.

    Again, this is all blue-sky speculation on my part, just looking for an explanation of the sudden jump in price and volume in MED stock today. Most of the run-up in share price occurred after the 3 block trades I cited, so that could have been traders looking to board a rising ship. I see that the share price has fallen back about a buck from the peak of just over $36 around noon today.

  • Reply to

    MED price & volume surging today

    by spook2b Sep 5, 2014 12:19 PM

    Drifting down on low volume after a pick up earlier in the week on higher volume...tough to judge if the drop means anything other than a lack of buyers...and some small players taking profits because their do not understand the transaction...

    BTW maybe MLNK should just take their $6 - 7 million profit on MED and move on

  • I went back and looked for today's block trades, and found 3 big ones totaling around 420K. That's around 1/2 of today's volume. I'm guessing someone is accumulating - remember that I THOUGHT (not sure) that there may be a 10-day freeze period on 10% 13D filers. For MLNK, that would have expired yesterday.

    09:56:28 ... $ 33.90 ... 99,900

    10:07:25 ... $ 34.10 .. 99,800

    10:59:32 .. $ 34.50 .. 218,900

    I realize that this is the MLNK board, but the MED board appears mostly dead, and we MLNK holders should be watching this play out.

  • Reply to

    MED stock buybacks & idle speculation

    by spook2b Aug 29, 2014 1:43 PM

    The Medifast folks think something is happening? MED is rockin and rooling today....

  • Meanwhile the pps of MLNK has fallen below $4. Not exactly sure what this means.

  • Reply to

    MLNK filing on MED revisited

    by spook2b Sep 4, 2014 1:45 PM

    , the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, (a) engaging in communications with management, the board of directors, and/or stockholders of the Issuer and/or others, regarding the Issuer and the Reporting Persons’ investment in the Issuer, including in connection therewith making recommendations and/or proposals to the Issuer concerning changes to the capitalization, corporate structure, ownership structure (including the acquisition of the Issuer), board structure (including seeking board representation) or operations of the Issuer, (b) purchasing additional Shares, (c) selling some or all of their Shares, (d) engaging in short selling of or any hedging or similar transaction with respect to the Shares, or (e) changing their intention with respect to any and all matters referred to in Item 4.
    ================
    So MLNK has left open a number of options, several of which have been discussed here. I just wanted to post this section as a future reference. IF (note caps) my reading on one of the 13D filing sites about the 10-day "cooling off" period is correct, we may hear something soon, since that would end today. However, if anyone remembers the behind-the-scenes machinations that occurred here when there were several competing bids for MLNK, we may be the last to find out about any deals...

  • Because there is a question as to exactly what MNLKs intentions are with regard to their MED share purchases, I'm posting a copy of the part of their filing pertaining to that point:

    Item 4.
    Purpose of Transaction.

    The Reporting Persons purchased the Shares based on the Reporting Persons’ continuing evaluation of attractive investment opportunities and potential acquisition opportunities and their belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.

    No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the results of the Reporting Persons' evaluation of the Issuer, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, (a)

    {continued in next post}

  • havelots, nice find. The article pretty much covers a lot of what we've been talking about here for a while now. One point I missed is that MLNK is still paying $1.6M//year for the naming rights on the N.E. Pat's stadium. It says that will end next year, so that would save them something like 3 cents/share in expenses.

    As the article says, the poison pill will probably force MLNK to deal with MED management in some fashion. That is unless, along with other holders, MLNK can wage a proxy battle. As the article noted, Engaged Capital has a sizable stake in MED, and as I noted here previously, Engaged is known as an "activist investor".

    In any event, it should be interesting to see how all this plays out.

MLNK
3.83+0.05(+1.32%)Sep 19 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.