{"id":8147,"date":"2008-07-21T00:00:00","date_gmt":"2008-07-21T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-taking-notice-of-napster","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/hedge-funds-taking-notice-of-napster.html","title":{"rendered":"Hedge funds taking notice of Napster"},"content":{"rendered":"<p>BloggingStocks- With the plunge in the equities markets, there are certainly some compelling opportunities. Just look at Napster Inc., an online music operator. The company has $69.8 million in the bank and a market cap of $66.4 million. Yes, Wall Street is valuing the business at below zero. <\/p>\n<p>Well, hedge funds are taking notice (this is a according to Bloomberg.com). For example, Eminence Capital LLC has increased its equity stake to a cool 9%. This is usually the first step in forcing a company to sell out.<\/p>\n<p>One possibility is for Napster to go private. However, this will probably not carry much of a premium.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloggingstocks.com\/2008\/07\/20\/hedge-funds-taking-notice-of-napster\/\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BloggingStocks- With the plunge in the equities markets, there are certainly some compelling opportunities. Just look at Napster Inc., an online music operator. The company has $69.8 million in the bank and a market cap of $66.4 million. Yes, Wall [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1579,147,1580,837],"class_list":["post-8147","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-fund-management-company","tag-journalism","tag-mathematical-models","tag-pacific-ocean"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8147"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8147\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}