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Old 07-09-2008, 04:14 PM
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Default Bill Bengen Inducted into Hall of Fame

Posted By: Anonymous

Bloomberg shows large (9%) stakes in CLCT held by Austin Marxe, Sarbit Asset Management and smaller positions held by Royce and Dimensional. These are all more hedge fund type investors rather than private equity guys. They will cut their losses if the situation keeps deteriorating. In fact, the 30% hit in the last two weeks may be someone getting out. If a position in excess of 5% is held for investment purposes only, changes are not reported as regularly, so it may be some time before we know.

Hall is shown holding 771,000 shares, but last reporting date is 2005. If he sold down to under 5%, he would have to disclose that fact, so he either still owns the stock or is in a lot of trouble.

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