Interesting because HC is now mmx largetst shareholder: article from Steel Guru
Harbinger Capital boosts stake in AK Steel to 11.8% - 09 Mar 2008
In an amended 13G filing after the close on AK Steel Holding, Harbinger Capital disclosed an 11.8% stake in the company. This is up from the 9.1% stake the firm showed in a February filing.
As of June 1st 2007, Harbinger Capital Partners was managing in excess of USD 8.7 billion. Harbinger is a disciplined, value investor with an emphasis on intensive credit research. Its focus is on middle market companies that tend to be misunderstood or under researched by the market. Investment approaches include: Restructuring/Bankruptcy, Turnaround, Liquidation, Event Driven, Capital Structure Arbitrage, Short Sale and Special Situations. Harbinger Capital Partners is a subsidiary of Harbert Management Corporation.
AK Steel produces flat rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets.
MMX Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
