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7 pts

Opinion on  ADVOCAT INC (AVCA)     Sector: Healthcare  >  Industry: Healthcare Facilities
Will Shareholder Activism Unlock some value here?

Apr 20, 2007 01:14 AM GMT
Return Risk
-7.69% HIGH
Sr. Analyst

On March 13, 2007, Bristol Capital management made public a letter to the CEO as part of its 13 D/A filing stating its unhappiness with AVCA's management, and demanding some action (auctioning the company among other options) and board seats. Note Bristol owns roughly 4.5% of the company and has in the past offered to buyout the company at $16 something last year. Apparently management has been resisting any idea of selling the company. 


Update 05/03:

See full story at the Microcap Speculator


AVCA:  This call was made on 04/20/07 @ $13.23
Rating:   Positive   $13.23 (04/20/07)
Closed:   05/21/2007 @ $12.68 (-4.16% in 31 days)


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kuntilanak previously rated AVCA
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