Great Oaks Capital Significantly Raises Stake in ValueVision Media (VVTV)
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In a 13G filing on ValueVision Media Inc. (Nasdaq: VVTV) Great Oaks Capital Management disclosed a 2,059,073 share, or 6.4%, stake in the company. The firm held just 46,000 ValueVision shares at the quarter ended 3/31/09. A 13G indicates a "passive investment" above 5% but below 20%.
ValueVision Media, Inc., an integrated multi-channel retailer, markets, sells, and distributes its products directly to consumers through various forms of electronic media. The company's principal electronic media activity is its television home shopping business, but the company also markets an array of merchandise through its Internet retailing Web sites, ShopNBC.com and ShopNBC.TV
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Comments
What is going on?
Great Oaks and another company have bought a lot of stock recently. The CEO and VP's at ShopNBC have also bought a lot (and I mean a lot) of stock recently too. Take over plans?
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Buy this stock
bob on Jul 7, 2009 10:52 AMThe management team is first class - this company is turning around. Keith Stewart is committed to building shop NBC into a key player in home shopping. their customer acquisition is significantly on the rise with the shift in their merchandise mix. Qvc maytake over HSN but I think Shop NBC is a better play for QVC.