Monday, March 05, 2007

Executives In Dan Loeb's Portfolio Take Notice

Activist hedge fund manager Daniel Loeb and his Third Point LLC fund have been very aggressive recently --- targeting PDL BioPharma today, and also Acorda Therapeutics and Pogo Producing recently.

Below we take a look at the stocks in his portfolio.

The boards at any of the companies yet to be contacted by Mr. Loeb should be nervous.

Recent Loeb Activist Targets:

Acorda Therapeutics, Inc. (NASDAQ: ACOR) has 9.9% stake. Wants company sold
Flow International Corp. (Nasdaq: FLOW) has 13.6% stake. Wants and recently requested the company be sold.
Nabi Biopharmaceuticals (Nasdaq: NABI) reached agreement with the company to have its representitives on the board
PDL BioPharma Inc. (Nasdaq: PDLI) has a 7.5% stake. Urged company cut costs and not pursue additional acquisitions.
Pogo Producing Company (NYSE: PPP) has a 7.9% stake. Wants company sold in whole or pieces. Proposed six nominees to the board. (NOTE: Company announced exploration of strategic alternatives)

Loeb Large 5%+ Passive Stakes of Interest (Loeb Could Turn Activist)

FEI Co. (Nasdaq: FEIC) 6.2% stake
Martin Marietta Materials Inc. (NYSE: MLM) 6.6% stake disclosed in 13D but no demands
IHOP Corp. (NYSE: IHP) 7% stake
Ryerson Inc. (NYSE: RYI) 7.5% stake (activist target of Harbinger and Owl Creek)

More Loeb Stocks To Watch: (Loeb Could Raise Stakes and/or Turn Activist)

ASML Holding NV (ASML), Cephalon Inc. (CEPH), Ceridian Corporation (CEN), Cypress Semiconductor (CY), Dominion Resources Inc. (D) , Flamel Technologies SA (FLML), GATX Corp. (GMT), Glenayre Technologies, Inc. (GEMS), Helix Energy Solutions Group, Inc. (HLX), Invitrogen Corp. (IVGN), Mastercard Incorporated (MA), Motorola Inc. (MOT), Neurocrine Biosciences Inc. (NBIX), NeuroMetrix Inc. (NURO), NPS Pharmaceuticals Inc. (NPSP), Pharmion Corp. (PHRM), Sepracor, Inc. (SEPR), Verigy, Ltd. (VRGY), Vulcan Materials Co. (VMC), Xenoport, Inc. (XNPT).

Other Positions:

AEP Industries Inc. (AEPI), Centennial Bank Holdings, Inc. (CBHI), Eddie Bauer Holdings, Inc. (EBHI), CBS Corp (CBS), Chipotle Mexican Grill, Inc. (CMG), Core-Mark Holding Company, Inc. (CORE), CSX Corp (CSX), Dade Behring Holdings Inc. (DADE), Daimlerchrysler AG (DCX), Embarq Corp. (EQ) , EXCO Resources Inc. (XCO), Harrah's Entertainment Inc. (HET), ICO GLOBAL COMM CL A (ICOG), Infineon Technologies AG (IFX), Integrated Electrical Services Inc. (IESC), Koninklijke Philips Electronics NV (PHG), Leap Wireless International Inc. (LEAP), Liberty Media Interactive (LINTA), Ligand Pharmaceuticals Inc. (LGND), Loral Space & Communications, Inc. (LORL), Massey Energy Co. (MEE), McDonald's Corp. (MCD), MedImmune Inc. (MEDI), Microsoft (MSFT), Molex Inc. (MOLX), NEXEN INC (NXY), NTL Inc. (NTLI) now Virgin Media, Inc. (VMED) , NYSE Group, Inc. (NYX), OSI Restaurant Partners, Inc. (OSI), Phelps Dodge Corp. (PD), PHOENIX COS INC (OTC: PNXZL), Plains Exploration & Production Co. (PXP), PNC Financial Services Group Inc. (PNC), Qimonda AG (QI), Quest Resource Corp. (QRCP), Ruddick Corp. (RDK), Salton Inc. (SFP), Sears Holdings Corporation (SHLD) shares, Union Pacific Corp. (UNP)

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