Well, yesterday on this blog, I did a post about Stadium Capital Partners’ very recent SEC Form 3 and Form 4 filings. Those filings indicated:
a) that SCP (also referred to as Stadium Capital Management or SCM) has become a “10% shareholder” in American Reprographics (ARC)
b) that SCP (SCM) is adding to its holdings of ARC shares, not decreasing its holdings of ARC shares
I noticed, this morning, that SCP (SCM) filed another Form 4, yesterday, indicating additional purchases of ARC shares. Looks like they’ve been “busy beavers”, accumulating ARC stock in chunks; big question is, how much stock will they purchase before they decide “that’s enough!” (My second big question would be, are they planning to accumulate a control position in ARC stock?)
Okay, while they are accumulating ARC stock and reporting those purchases in Form 4 filings with the SEC, I’m going to play “scorecard keeper”; here’s a table with the most recent transactions. (I’ll do my best to update the scorecard table, as additional Form 4 filings are filed.)
Table showing SCP’s (SCM”s) recent purchases American Reprographics Co shares:
|
Transaction Date |
Purchase Price |
# of Shares Purchased |
# of shares owned, after purchase |
%age of O/S Stock Owned |
|
8/23/11 |
$3.790 |
30,600 |
4,676,921 |
10.12% |
|
8/24/11 |
$3.876 |
17,991 |
4,694,912 |
10.16% |
|
8/25/11 |
$3.800 |
244,000 |
4,938,912 |
10.69% |
Reprographics 101 
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