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Model N, Inc. Message Board

  • thegunnerab thegunnerab Nov 24, 2013 6:41 PM Flag


    They filed a 13D and reported a 1.24M shares or 5.4% of outstanding shares.

    If you are not familiar with Flatbush, let me just tell you that they buy huge stakes in a single company, 15-20%, and sell it for 200% in two years time.

    You can check their filing on the Nasdaq web site. Also, check their holdings... Only one holding, MODN.

    Couple of years ago,they bought 15% of Retalix, an Israeli software company for an average price of $12.

    18 months later Retalix was sold for $30 cash to NCR.

    They learn the company inside out and take a single position. My guess is that they increased their holdings in Model N significantly and we should see another filing soon.

    The Gunner

    Sentiment: Buy

12.89+0.11(+0.86%)Jun 28 4:02 PMEDT