JohnDoe700M Posted March 7, 2010 Share Posted March 7, 2010 Recently announced a buyback, well below the Fairholme entry, distressed specialist. Any chance tender might be first in a recurring patttern, and perhaps a Singleton/Teledyne situation in the making? Thoughts? Link to comment Share on other sites More sharing options...
Guest dealraker Posted March 7, 2010 Share Posted March 7, 2010 JohnDoe, What is Clarke? Symbol? I used to follow a "Clarke" but am not sure what you are referring to. Link to comment Share on other sites More sharing options...
omagh Posted March 7, 2010 Share Posted March 7, 2010 Clarke is a transportation company (mostly trucking) which has invested excess funds in undervalued small-cap positions. They had a rather spectacular wipeout and likely carry some substantial NOLs. CEO George Armoyan has an eye for undervalued positions and takes an activist role. It's difficult to value their portfolio since there is inadequate disclosure for an outsider to determine value. http://www.google.ca/finance?q=TSE:CKI&fstype=ii JohnDoe, What is Clarke? Symbol? I used to follow a "Clarke" but am not sure what you are referring to. Link to comment Share on other sites More sharing options...
beerbaron Posted March 7, 2010 Share Posted March 7, 2010 NOLs? BeerBaron Link to comment Share on other sites More sharing options...
nodnub Posted March 7, 2010 Share Posted March 7, 2010 NOLs? BeerBaron net operating loss Link to comment Share on other sites More sharing options...
Rabbitisrich Posted March 8, 2010 Share Posted March 8, 2010 Interesting company. I should have noticed this thread at the start of the weekend. Is George Armoyan permanently withdrawing from his managerial duties? Does anyone have insight into Normandie and company? Link to comment Share on other sites More sharing options...
Mark Jr. Posted March 9, 2010 Share Posted March 9, 2010 I've been keeping an eye on Clarke for a couple years, but you should be aware, if you aren't already that George Armoyan has recently taken a step back from the business citing personal issues (his brother's marriage has broken down and his elderly father is ill). I think he's even off the Board now, but I could be wrong about that. Interestingly, I cannot find the press releases on this anymore. They are not even at Clarke Inc's website anymore. Ok, found a copy: Clarke Inc. Announces Executive and Management Changes 01/13/2010 Clarke Inc. announced that Rob Normandeau, President and Chief Operating Officer of the company, has been appointed to the Board of Directors. He will assume the seat vacated by George Armoyan, who has requested a leave of absence from the company to attend to personal family matters. Mr. Hugh Smith, who served as Chairman of the company until December 31, 2008, will resume the post of Chairman. The company also reports that Michael Andlauer has resigned his position as director of the company. Mr. Andlauer will have an ongoing role with TransForce as a result of this transaction, and has elected to step down from the Clarke board to avoid any potential conflict. Link to comment Share on other sites More sharing options...
beerbaron Posted March 12, 2010 Share Posted March 12, 2010 George Armoyan seems to be on the payroll of Clarke. Under the latest SEDI release he bought 363 shares under a purchase ownership plan. He is also listed as Director or Senior Officer of 10% Security Holder. BeerBaron Link to comment Share on other sites More sharing options...
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