The bottom line here that everyone is making money in the last few years except investors in this MLNK turd. It is sad but true. You might make money in the long term but it will not be enough to catch up to other investments. Beside there is a great risk that insiders linke HNH will manage to strip all small investors profit.
Handy & Harman Ltd. Insider Buy Transaction
Seeing the investment Handy & Harman Ltd. made, its in the insider trading spotlight today. The insider of ModusLink Global Solutions, Inc. (NASDAQ:MLNK) 3.44 -0.02 -0.58%, made a purchase of 27,527 shares worth $91,140 U.S Dollars. The average cost was $3.3 per share. This deal was performed on 16/06/2015. A legal report that was filed with the SEC and is available for a free review here, gives details of the deal. Handy & Harman Ltd. now has 8.44 million shares of the Firm
ModusLink Global Solutions (NASDAQ:MLNK) major shareholder & Harman Ltd. Handy acquired 23,982 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average cost of $3.43 per share, with a total value of $82,258.26. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Correct scaling back expense is not easy as the drop in sales but the important thing is to acquire new profitable business because there is limit to what can be cut from expenses. They started adding customers but not enough to satisfy us shareholders. Adding customers also add to expenses in the immediate term but will help long term
ModusLink Global Solutions, Inc (NASDAQ:MLNK) stated gains of 243,182 shares or 4% in the short interest. The short interest registered from 6,020,572 on May 15,2015 to 6,263,754 on May 29,2015. In terms of floated shares, the shorted positions stood at 12.1%.
They r downsizing because of loss of unprofitable customers. They should have done that a long time ago. Those unprofitable customers would have never let MLNK be profitable. They r large component of MLNK bus. and when MLNK had good quarters they forced MLNK to provide concessions.
#$%$ those r net purchases but the share prices don't reflect that. Someone is selling those shares. Who and why? do they know something we don't know?
Schneider Capital Management Corp opened positions in Mrc Global (MRC) for $20.89 million, Parkway Properties Inc (PKY) for $10.87 million, Sm Energy Co (SM) for $8.70 million, Pulte Group (PHM) for $8.09 million and Moduslink Global Solutions Inc (MLNK) for $6.85 million. These were the 5 biggest new positions. In total the active investment manager bought 8 new stocks.
During this quarter, Mast Capital Management Llc started positions in Moduslink Global Solutions I (MLNK) for $9.86 million, Ishares Tr (Put) (IWM) for $1.60 million and Forbes Energy Svcs Ltd (FES) for $225,000. These were the 3 biggest new positions. In total the hedge fund bought 3 new stocks.
Who is selling? y r the share prices not moving up?
Noah Levy And Eugene Dozortsev’s Newtyn Management Llc new positions included Xenia Hotels & Resorts Inc for $50.16 million, Forest City Enterprises Inc (FCE.A) for $42.62 million, Bp Plc (Call) (BP) for $7.82 million, Moduslink Global Solutions I (MLNK) for $3.85 million and Klx Inc for $3.64 million. These were the 5 biggest new positions. In total the hedge fund bought 5 new