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Author: dont2 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 18  
Subject: A glimmer of hope? Date: 8/18/1999 10:07 PM
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EBSC stock price is up 50% from the low hit two weeks ago after they announced the big 2Q loss. An article in the Dayton Daily News today (18 August)may shed some light.

David Nierenberg (D3 Family Fund L.P.) notified the SEC that he has acquired a 5% stake in EBSC and is soliciting major shareholders support to oust EBSC management and improve/sell the company. Nierenberg specializes in buying sick companies at bargain basement prices and then turning them around and reaping a profit for himself and shareholders. He apparently has a credible track record. He recently used this tactic with OrCad, buying at $8/share and eventually selling the company to Cadence for $13/share.

So far the biggest EBSC shareholder (Snyder Capital Management)has not decided if they will support him. Ths is all too preliminary for me to buy, but I will keep watching developments. If Nierenberg does pull off a takeover and sale those who bought at 4 1/4 may look brilliant!

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