Tuesday, February 06, 2007

Midwood Capital Boosts Edgar Online (EDGR) Stake to 7%

In an amended 13D filing on Edgar Online, Inc. (Nasdaq: EDGR), Midwood Capital Management disclosed a 7% stake (1.8 million shares) in the company. This is up from the 5.5% stake (1.38 million shares) the firm disclosed in a January 2006 13D filing.

From the the 'Purpose of Transaction' section of the filing: The Reporting Persons have in the past and may in the future wish to engage in a constructive dialogue with management of the Issuer, as well as with non-employee Directors and other stockholders of the Issuer, regarding new strategies to create and maximize value for the Issuer’s stockholders, which may include a sale of the Issuer.

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