Elkhorn Partners discloses an approximate 5% stake in Orbit Intl (ORBT) - 13D
Elkhorn Partners discloses an approximate 5% stake in Orbit International Corp. (Nasdaq: ORBT) in a 13D filing:
From the 'Purpose of Transaction' section of the filing:"The Partnership has acquired the Orbit common stock as an investment. The Partnership intends to review on a continuing basis its investment in the Orbit common stock, Orbit's business affairs and financial condition, as well as conditions in the securities markets and general economic and industry conditions. The Partnership may purchase additional Orbit common stock either in the open market, in privately-negotiated transactions, or otherwise. Additionally, the Partnership may dispose of the Orbit common stock it presently owns or hereafter acquires either in the open market, in privately negotiated transactions, or otherwise."