13g filing made by Blackrock last night. They now own 19+ million shares (10.57%) - They have purchased almost 13 million shares since last filing. A play is being made to take out RRD. Not sure where shorts will get shares to cover, this should start a squeeze. Wouldn't be surprised of $10+ next week.
Update...... Make that approx. 6 million shares acquired since 9/30/12. Barclays is included in Blackrocks 13g filings. Either way, 3.5% of outstanding shares were taken out of avail. float just by Blackrock/Barclays during the quarter.
If I am reading that 13G right - that looks to be the truth, they went from a 4% stake to over 10%?!
Definitely like the looks of it. I am long RRD with an average around 10.50. So I am in need of some good news.
Looks like this is it!