The 2006 Noisey Awards - Part 1
Best CEO Ouster Award: North America's largest sweater maker, Hampshire Group Ltd. (Nasdaq: HAMP - News), canned CEO Ludwig Kuttner in September for submitting $1.45 million in questionable expense reports over a ten-year period. Kuttner also happens to be Hampshire Group's largest shareholder, owning a more than 33% stake. No word on whether the security guards were wearing cardigans when Kuttner was escorted from the building.
Favorite New Institutional Investor: Former major league baseball player Lenny Dykstra, who disclosed a 7% stake in Lipid Sciences, Inc. (Nasdaq: LIPD - News) in November. Fortune recently profiled Dykstra, who claims to be worth $50 million now. His investment in Lipid has proved limp thus far, but Dykstra's nickname as a player was "nails" (as in, "tough as nails").
Patrick Byrne Worst CEO of the Year Award: For the second-consecutive year, Patrick Byrne of Overstock.com Inc. (Nasdaq: OSTK - News) took home the award named after himself. Byrne's list of "achievements" was long in 2006, but it was his raising of cash twice via private placements - after telling shareholders numerous times that the company's liquidity was fine - that clinched the deal. With his paranoid delusions and obvious ignorance of the day-to-day operations of his company (listen to Overstock's third-quarter conference call), Byrne also takes home the Richard Nixon Final Days Award.
The Batman Award: He's not Bruce Wayne, but Matthew Feshbach is as close as we're going to come to Batman in real life. Back in May, the chairman of dELiA*s, Inc. (Nasdaq: DLIA - News) told The St. Petersburg Times that he was the first person "to take a highly classified Scientology program called Super Power." Feshbach, a noted short seller turned value investor, told journalist Robert Farley, "I'm not dependent on my physical body to perceive things." According to Feshbach, Super Power has allowed him to outperform his peers in the money management business. It also gives him a leg up on fellow Scientologist Tom Cruise, who has to settle for sleeping next to Katie Holmes every night.
Walt Disney Award: Future Electronics, a Canadian electrical component distributor, recently took a 6.2% stake in ON Semiconductor Corp. (Nasdaq: ONNN - News). Future is headed by Robert Miller, a reclusive billionaire who has never been photographed and who is leaving some of his fortune to ensure that he is cryogenically frozen. Miller also reportedly flew in two former NHL players at the last minute during an amateur hockey tournament last year. His team, not surprisingly, won.
Unwired Award: Gunmaker Sturm, Ruger & Co. Inc. (NYSE: RGR - News) saw its stock blast off in early November after the company posted solid third-quarter results and two insiders at the company bought stock. Sturm, Ruger reported those Q3 results on October 23rd, filing a Form 8-K with the Securities and Exchange Commission two days later disclosing its earnings. The company, however, never issued a press release publicly (though it was available on Bloomberg terminals and via Dow Jones Newswires). Even now, Sturm, Ruger still has not posted its Q3 earnings release on its website.
Favorite Insider of the Year: Josiah T. Austin, who with a name like that can only be a cattle rancher. Austin is also a director at Goodrich Petroleum Corp. (NYSE: GDP - News), where from May 2005 to October 2006 he plowed $14.8 million into the stock at an average price of just $21.21 per share. Austin also sat on the board of North Fork Bancorp., Inc., which was recently acquired by Capital One Financial Corp. (NYSE: COF - News). Austin's holdings in North Fork were valued at over $100 million ahead of the deal, and the total value of his public holdings is more than $350 million. Not bad for someone most people have never heard of.
Published by Ben Silverman, FindProfit.com
posted by Stock Administrator @ 10:39 AM
The 2006 Noisey Awards - Part 1
Best CEO Ouster Award: North America's largest sweater maker, Hampshire Group Ltd. (Nasdaq: HAMP - News), canned CEO Ludwig Kuttner in September for submitting $1.45 million in questionable expense reports over a ten-year period. Kuttner also happens to be Hampshire Group's largest shareholder, owning a more than 33% stake. No word on whether the security guards were wearing cardigans when Kuttner was escorted from the building.
Favorite New Institutional Investor: Former major league baseball player Lenny Dykstra, who disclosed a 7% stake in Lipid Sciences, Inc. (Nasdaq: LIPD - News) in November. Fortune recently profiled Dykstra, who claims to be worth $50 million now. His investment in Lipid has proved limp thus far, but Dykstra's nickname as a player was "nails" (as in, "tough as nails").
Patrick Byrne Worst CEO of the Year Award: For the second-consecutive year, Patrick Byrne of Overstock.com Inc. (Nasdaq: OSTK - News) took home the award named after himself. Byrne's list of "achievements" was long in 2006, but it was his raising of cash twice via private placements - after telling shareholders numerous times that the company's liquidity was fine - that clinched the deal. With his paranoid delusions and obvious ignorance of the day-to-day operations of his company (listen to Overstock's third-quarter conference call), Byrne also takes home the Richard Nixon Final Days Award.
The Batman Award: He's not Bruce Wayne, but Matthew Feshbach is as close as we're going to come to Batman in real life. Back in May, the chairman of dELiA*s, Inc. (Nasdaq: DLIA - News) told The St. Petersburg Times that he was the first person "to take a highly classified Scientology program called Super Power." Feshbach, a noted short seller turned value investor, told journalist Robert Farley, "I'm not dependent on my physical body to perceive things." According to Feshbach, Super Power has allowed him to outperform his peers in the money management business. It also gives him a leg up on fellow Scientologist Tom Cruise, who has to settle for sleeping next to Katie Holmes every night.
Walt Disney Award: Future Electronics, a Canadian electrical component distributor, recently took a 6.2% stake in ON Semiconductor Corp. (Nasdaq: ONNN - News). Future is headed by Robert Miller, a reclusive billionaire who has never been photographed and who is leaving some of his fortune to ensure that he is cryogenically frozen. Miller also reportedly flew in two former NHL players at the last minute during an amateur hockey tournament last year. His team, not surprisingly, won.
Unwired Award: Gunmaker Sturm, Ruger & Co. Inc. (NYSE: RGR - News) saw its stock blast off in early November after the company posted solid third-quarter results and two insiders at the company bought stock. Sturm, Ruger reported those Q3 results on October 23rd, filing a Form 8-K with the Securities and Exchange Commission two days later disclosing its earnings. The company, however, never issued a press release publicly (though it was available on Bloomberg terminals and via Dow Jones Newswires). Even now, Sturm, Ruger still has not posted its Q3 earnings release on its website.
Favorite Insider of the Year: Josiah T. Austin, who with a name like that can only be a cattle rancher. Austin is also a director at Goodrich Petroleum Corp. (NYSE: GDP - News), where from May 2005 to October 2006 he plowed $14.8 million into the stock at an average price of just $21.21 per share. Austin also sat on the board of North Fork Bancorp., Inc., which was recently acquired by Capital One Financial Corp. (NYSE: COF - News). Austin's holdings in North Fork were valued at over $100 million ahead of the deal, and the total value of his public holdings is more than $350 million. Not bad for someone most people have never heard of.
Published by Ben Silverman, FindProfit.com
Favorite New Institutional Investor: Former major league baseball player Lenny Dykstra, who disclosed a 7% stake in Lipid Sciences, Inc. (Nasdaq: LIPD - News) in November. Fortune recently profiled Dykstra, who claims to be worth $50 million now. His investment in Lipid has proved limp thus far, but Dykstra's nickname as a player was "nails" (as in, "tough as nails").
Patrick Byrne Worst CEO of the Year Award: For the second-consecutive year, Patrick Byrne of Overstock.com Inc. (Nasdaq: OSTK - News) took home the award named after himself. Byrne's list of "achievements" was long in 2006, but it was his raising of cash twice via private placements - after telling shareholders numerous times that the company's liquidity was fine - that clinched the deal. With his paranoid delusions and obvious ignorance of the day-to-day operations of his company (listen to Overstock's third-quarter conference call), Byrne also takes home the Richard Nixon Final Days Award.
The Batman Award: He's not Bruce Wayne, but Matthew Feshbach is as close as we're going to come to Batman in real life. Back in May, the chairman of dELiA*s, Inc. (Nasdaq: DLIA - News) told The St. Petersburg Times that he was the first person "to take a highly classified Scientology program called Super Power." Feshbach, a noted short seller turned value investor, told journalist Robert Farley, "I'm not dependent on my physical body to perceive things." According to Feshbach, Super Power has allowed him to outperform his peers in the money management business. It also gives him a leg up on fellow Scientologist Tom Cruise, who has to settle for sleeping next to Katie Holmes every night.
Walt Disney Award: Future Electronics, a Canadian electrical component distributor, recently took a 6.2% stake in ON Semiconductor Corp. (Nasdaq: ONNN - News). Future is headed by Robert Miller, a reclusive billionaire who has never been photographed and who is leaving some of his fortune to ensure that he is cryogenically frozen. Miller also reportedly flew in two former NHL players at the last minute during an amateur hockey tournament last year. His team, not surprisingly, won.
Unwired Award: Gunmaker Sturm, Ruger & Co. Inc. (NYSE: RGR - News) saw its stock blast off in early November after the company posted solid third-quarter results and two insiders at the company bought stock. Sturm, Ruger reported those Q3 results on October 23rd, filing a Form 8-K with the Securities and Exchange Commission two days later disclosing its earnings. The company, however, never issued a press release publicly (though it was available on Bloomberg terminals and via Dow Jones Newswires). Even now, Sturm, Ruger still has not posted its Q3 earnings release on its website.
Favorite Insider of the Year: Josiah T. Austin, who with a name like that can only be a cattle rancher. Austin is also a director at Goodrich Petroleum Corp. (NYSE: GDP - News), where from May 2005 to October 2006 he plowed $14.8 million into the stock at an average price of just $21.21 per share. Austin also sat on the board of North Fork Bancorp., Inc., which was recently acquired by Capital One Financial Corp. (NYSE: COF - News). Austin's holdings in North Fork were valued at over $100 million ahead of the deal, and the total value of his public holdings is more than $350 million. Not bad for someone most people have never heard of.
Published by Ben Silverman, FindProfit.com
posted by Stock Administrator @ 10:39 AM
0 Comments:
Post a Comment
<< Home