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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (25712)	1/12/2007 10:40:41 AM
From: a128	Read Replies (3) \| Respond to of 78520

I bought some FSP for my stepmothers account at $20.02 last week. Ive been considering adding more myself but its already over 7% of my IRA and Im a big believer in diversification so I probably wont. Unless it drops further. I really dont know why its down now. I did revert back to my early ways almost 20 years ago and bought a regular mutual fund and set up monthly automatic investments in an amount of about 8% of my initial investment as well as reinvested dividends. Fidelity Balanced Fund is a morningstar 5 star fund and was reccomened in this months "consumer reports". Has 3,5 and 10 year annualized returns of about 10% or slightly more. In a way, this is me kind of giving up on myself being able to find the kind of stocks I used to. Maybe Im just more conservative nowadays. Maybe all my losers over the years, while dwarfed by the winners, are keeping me conservative. SPOR announced a dutch tender offer. I was lucky enough to buy more earlier in the day before the announcement was made. But, now I am really puzzeled about what to do. dstern , you still following SPOR ? They mention possibly going dark later on. And there have been signs of a pretty impressive turnaround. And none of the insiders are selling any in the dutch tender. Looking back about a year and a half ago, BAMM did one of these. The stock has doubled since then. Anyone else still holding SPOR and/or have any insight ? I still havent read the entire SEC filing. Havent gotten the hard copy and I cant read long things online without going nuts. --------------------------- Sport-Haley, Inc. Board Authorizes Modified "Dutch Auction" Tender Offer Wednesday December 27, 2:42 pm ET DENVER, CO--(MARKET WIRE)--Dec 27, 2006 -- Sport-Haley, Inc. (NASDAQ:SPOR - News) (the "Company") today announced that the board of directors has approved commencing a modified "Dutch Auction" tender offer under the terms of which the Company will repurchase up to 472,000 shares of its common stock at a price per share not greater than $5.30 and not less than $4.80. This would represent the repurchase of approximately 17 percent of its outstanding common stock as of December 15, 2006. The tender offer is expected to commence on January 3, 2007, and to expire, unless extended, at 12:00 midnight Eastern Standard Time on February 1, 2007. Under the tender offer, shareholders will be able to indicate how many shares and at what price within the Company specified range they wish to tender. Based on the number of shares tendered and the price specified by the tendering shareholders, the Company will determine the lowest price per share within the range that will enable it to purchase up to approximately 472,000 shares of common stock, or such lesser number of shares as are properly tendered and not withdrawn. The Company will not purchase shares from a shareholder below a price stipulated by that shareholder, and in some cases, may actually purchase shares at prices above indications by shareholders under the terms of the tender offer. The tender offer is not contingent upon any minimum number of shares being tendered. The Company's directors and officers will not tender any of their shares in the tender offer. The Company intends to repurchase shares in the tender offer using cash on hand. If all 472,000 shares are purchased in the tender at the maximum price of $5.30 per share, approximately $2,501,600 in cash would be required. Specific instructions and a complete explanation of the terms and conditions of the tender offer will be contained in the Offer to Purchase and related materials that will be mailed to shareholders of record. Shareholders will be able to obtain copies of the Offer to Purchase, related materials filed by the Company as part of the tender offer statement on Schedule TO and other documents filed with the Securities and Exchange Commission through the Commission's internet address at www.sec.gov without charge when these documents become available. Shareholders and investors may also obtain a copy of these documents, as well as any other documents the Company has filed with the Securities and Exchange Commission, without charge, from the Company. Shareholders should read those materials carefully because they will contain important information, including the various terms and conditions of the tender offer. "Our Board of Directors believes the modified 'Dutch Auction' tender offer represents a mechanism to provide our shareholders with the opportunity to tender all or a portion of their shares and thereby receive a return of some or all of their investment if they so elect," said Ronald J. Norick, Chairman of the Board of Directors. "The Board also believes the tender offer provides our shareholders with an efficient way to sell their shares without incurring broker's fees or commissions associated with open market sales. Also, we believe that the Tender Offer is a beneficial use of our cash reserves for the benefit of our shareholders." The Company, its Board of Directors and executive officers are not making any recommendation to shareholders as to whether to tender or refrain from tendering their shares into the tender offer. Shareholders must decide how many shares they will tender, if any, and the price within the specified range at which they will offer shares for purchase by the Company. (Ignore the username, focus on the CONTENT !)