Hudson Holding Corp. (fka HDHL)

[wadirum1]

I guess nobody is posting here.

Still that was a crazy little dip the stock took. Arbitrage percentage return topped 70 percent at the low for HDHL.

Stock remains silly cheap IMHO (unless HDHL's balance sheet is going down the tubes).

[wadirum1]

Well, this isn't looking good. The discount, based on RODM's price today and HDHL's most recent net liquid value is over 60 percent. So, either someone is shaking the tree or the deal is getting shaky or HDHL's net liquid value is plunging.

Heck, even if HDHL's net liquid value is $0 you basically break even buying HDHL to get RODM. So either HDHL's balance sheet is simply imploding or this is nonsense pricing.

FWIW, I doubt I'll jump in further, and I only have a bit of this. Just see how this plays out.

Wadi

[wadirum1]

With RODM at 2.27, if HDHL has a net liquid value of $5mm, then it is trading at a 40 percent discount to the merger value.

What am I missing? Is HDHL's net liquid value plunging this fast?

Heck, if HDHL's net liquid value plunges to $0, this is now only a 19 percent haircut.

Wadi

[wadirum1]

Nice to see HDHL moving up today -- perhaps in part on RODM's strength.

I think this acquisition is going to get done and I think RODM is going to go up. The kicker is whether HDHL can manage to hang onto its liquid net value... They need to stay above $2mm for buying HDHL to be a cheaper way to get RODM.

IF the liquid net value can rise, and if RODM goes up, and if the acquisition closes, then buying HDHL pays off 3 ways (discount to RODM at current RODM price and current conversion rate + RODM gain + improved conversion rate).

How sweet would that be?

Wadi

[wadirum1]

I'm not going to "load the boat" or anything. But if one has a bunch of smaller positions with this sort of risk/reward, then those stocks contribute to above-average returns with some diversification.

If HDHL comes through with $5mm in net liquid value and if RODM rises to $2.40, then this is a 50 percent return...

[Chili Palmer]

I agree with your assessment decent risk to reward here. IMO

[Chili Palmer]

I also have an order in to pick up a few more.

[wadirum1]

If I assume a HDHL net liquid value of $5mm, the merger value at RODM's PPS is 6.6c. That is a 34 percent premium to the current PPS. I have more than doubled my position today.

Of course, this could be a bad deal if HDHL's net liquid value tanks. So, I calculated how low would it have to go for the current price of 4.9c to be equal to the merger value (at current RODM prices). The answer is that HDHL's net liquid value would have to drop to just under $2mm.

Maybe I am missing something, but this looks like very attractive to me.

[wadirum1]

I've played RODM stock as a swing trade for past couple of years. So, I know that company to some extent.

Anyone care to tell me the downside for me from having just bought 15k here at 6c? Small bet, but seems to me there are several ways I might win:

a) RODM goes up from current oversold position and ratio of HDHL:RODM stays the same

b) Ratio of HDHL:RODM goes up due to narrowing of spread to merger terms

c) Ratio of HDHL:RODM goes up because terms of merger improve.

Not going to be a home run, but the charts for HDHL and for the ratio of HDHL:RODM both look good to me.

Wadi

[Chili Palmer]

Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the acquisition of Hudson Holding Corp. (OTCBB: HDHL). Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM) and Hudson announced that they have entered into a definitive merger agreement pursuant to which Rodman will acquire Hudson. The terms of the merger agreement provides for each Hudson share to be exchanged for 0.0338 shares of Rodman common stock. The deal is valued at approximately $7 million ($0.091 per share), based upon a $2.69 valuation per share of Rodman’s stock. In addition, certain Hudson management and directors who own approx. 50% of Hudson’s shares have agreed to vote in favor of the merger.

The investigation concerns, among other things, whether the consideration to be paid to Hudson shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of Hudson. Indeed, the $7 million offer is below the net cash on Hudson’s balance sheet ($10 million), and to a discount to where the stock was trading the day prior to announcement. The investigation further concerns whether the directors of Hudson may not be acting in Altair shareholders' best interests in connection with the proposed transaction.

If you own Hudson common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Tripp Levy

Tripp Levy PLLC

125 East 82nd Street

9th Floor

New York, New York

Toll Free: 877-772-3975

Email: [e-mail]

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.

[Gromet]

for 30 hdhl shares 1 rodm share correct ?

[SuperC]

http://finance.yahoo.com/news/Rodman-amp-Renshaw-Capital-bw-3078551188.html?x=0&.v=1

Interesting day for all, I'm just watching but saw the news and posted.

Best,

sc

[redf]

I don't have a doubt sony.

[Chili Palmer]

This is a buy and hold/long it will be a good one.

[Chili Palmer]

Ken Pasternak will build this company up like he did with Knight Securities.

[Chili Palmer]

The news: Hudson Securities, Inc. (OTCBB:HDHL) today announced that it will be opening a Boston office on January 3, 2011, extending its reach in institutional sales and trading.

The Boston office will be launched with the hiring of Edward A. Salmon, Sean P. Silvia and Donald G. Scammell III, industry veterans each with over 25 years of experience and extensive relationships in the Boston community. Ed Salmon and Sean Silvia join Hudson from Jefferies & Co., where they served as Senior Vice Presidents in Equity Sales & Trading. Don Scammell was previously a Managing Director at Raymond James Financial, where his responsibilities included developing institutional relationships in the Boston region. Blaine R. Carroll, Senior Communications Equipment Research Analyst, will also be based out of the Boston office.

Mr. Carroll, who was recognized in The Wall Street Journal's "Best on the Street" survey in 2008 and 2010 for his stock picks in the telecommunications equipment sector, covers a broad range of small- to large-cap wireless equipment companies. Hudson continues to add vertical sector expertise to its established equity research team, which currently includes coverage of the U.S. aviation industry, industrials, and gaming, lodging and leisure sectors.

"Hudson continues to expand its footprint as we create a sustainable, growth oriented firm with the scale to compete effectively in the markets we serve. We are delighted that we were able to attract such seasoned, industry veterans to our team. The new office will enable Hudson to deliver a higher level of service to our institutional clients in the Boston area," stated Anthony M. Sanfilippo, Chief Executive Officer of Hudson Securities.

http://ih.advfn.com/p.php?pid=nmona&article=45762186

[Chili Palmer]

They had a nice little piece of news out today opening an office in Boston with newly hired very experienced management to run the office and look who the CEO is.

[redf]

sony i like this company.

[Chili Palmer]

New info in the IBOX

[Chili Palmer]

Their subsidiary is not bad also: http://www.hudsonsecurities.com/

[Chili Palmer]

They have a nice/real business: http://www.hudsonholdingcorp.com/

[Chili Palmer]

This could be a good one once it gets noticed.

[Chili Palmer]

Need some volume here to get this moving.

[Chili Palmer]

Heavy volume (for this stock anyway) now we need it to move upwards!

[Chili Palmer]

Volume preceeds price, this one is just starting to get warmed up.

[Chili Palmer]

When it gets there tell me what you bought in for and when and I will tell you what I bought in for and when. Bet!

[Chili Palmer]

True except he has been there and done that and I guess thats what Hudson is banking on. Besides the fact they invested several millions of dollars to purchase common shares and I doubt it was because they think the share price will stay at 0.25. JMO

[ABIGIDIOT]

i dunno. i mean, what can i say? they made some[the] scumbucket that founded knight, their chairman.

will he bring bigger and better things to hudson? perhaps. but its got a long way to go to "dollar land, at least" .

[Chili Palmer]

Hammer draw some info from here and give me your thoughts: http://www.google.com/search?hl=en&source=hp&q=kenny+pasternak&aq=0&aqi=g1&oq=kenny+past

[Chili Palmer]

For a Company that dosen't trade for weeks or months on end that was a short time ago. But you are right.

[ABIGIDIOT]

how short a time ago was it anyways, that this POS was a dime?

i'm seeing a yr. and change.

to me, "short time ago", would be like a month and change. of course, the price was in the fortys, then.


what makes you think this thing will magically see a dollar soon?[at least]

[Chili Palmer]

From the way I read it these power players did not get involved here for 0.25 a share.

[Chili Palmer]

Looking for this to go to dollar land at least.

[Chili Palmer]

Former Knight Securities CEO is now the Chairman of The Board here.

[Chili Palmer]

Hudson Holding Corporation Announces 4% Nine Months Revenues Increase Over Prior Year

JERSEY CITY, N.J., Feb. 16 /PRNewswire-FirstCall/ --

Hudson Holding Corporation (OTC:HDHL) (BULLETIN BOARD: HDHL) announced that it filed its results for the fiscal quarter ended December 31, 2009 with the Securities and Exchange Commission today.

"We made significant progress this quarter in our firm wide review of our business lines. We closed on $4.8 million in financing, further strengthening our cash position while currently having no debt on our balance sheet. The loss for the quarter on a GAAP basis was primarily the result of certain non cash charges," said Tony Sanfilippo, Chief Executive Officer. "We are committed to reinvesting in our business by actively recruiting quality people and expanding our product offering in our effort to broaden our institutional business. The recent addition of a fundamental research product to complement our strong trading platform is an important step in repositioning Hudson as a full service firm. We believe our value proposition will be enhanced by these new initiatives."

Three Months Ended Nine Months Ended December 31, December 31, ----------------- ----------------- (unaudited) 2009 2008 2009 2008 ---- ---- ---- ----

Sales and trading $5,926,885 $8,755,272 $16,587,944 $18,389,992 Commissions and fees 3,934,397 3,332,552 14,067,925 10,820,772 Net interest and other income 150,097 135,390 504,450 788,013 ------- ------- ------- ------- Total revenues $10,011,379 $12,223,214 $31,160,319 $29,998,777 ----------- ----------- ----------- -----------

Net loss $(1,124,711) $(174,385) $(4,465,451) $(1,140,866) =========== ========= =========== =========== Basic and diluted EPS $(0.02) $(0.00) $(0.09) $(0.03) ====== ====== ====== ======

Total revenues for the three months ended December 31, 2009 was approximately $10 million as compared to $12.2 million during the same period in the prior fiscal year, a decrease of 18%. Net trading gains for the three months ended December 31, 2009 was approximately $5.9 million as compared to $8.7 million during the same period in the prior fiscal year, representing a decrease of 32%. Commission revenues increased 18% for the three months ended December 31, 2009, to approximately $3.9 million from $3.3 million during the same period in the prior fiscal year, primarily due to an expansion of our institutional sales effort. The net loss increased to approximately $1.1 million for the three months ended December 31, 2009, from a $0.2 million loss during the same period in the prior fiscal year.

Total revenues increased 4% for the nine months ended December 31, 2009, to approximately $31.2 million from $30 million for the same period in the prior fiscal year. Net trading gains decreased 10% for the nine months ended December 31, 2009, to approximately $16.6 million from $18.4 million during the same period in the prior fiscal year. Commission revenues increased 30% for the nine months ended December 31, 2009, to approximately $14.1 million from $10.8 million during the same period in the prior fiscal year, primarily due to a significant expansion of our institutional sales effort. The net loss increased to approximately $4.5 million for the nine months ended December 31, 2009, from a $1.1 million loss during the same period in the prior fiscal year.

December 31, March 31, 2009 2009 ---- ---- (unaudited) Hudson Holding Corporation -------------------------- Stockholders' equity $15,061,295 $13,637,689 =========== =========== Total assets $18,449,657 $17,106,939 =========== ===========

Hudson Securities, Inc.

----------------------- Net capital $8,625,190 $6,109,287 ========== ========== Excess net capital $7,625,190 $5,109,287 ========== ==========

Hudson Holding Corporation is a publicly traded company on the OTC Bulletin Board under the symbol "HDHL" and is the parent of Hudson Securities, Inc. and Hudson Technologies, Inc. Hudson Securities, Inc. is dedicated to meeting the liquidity needs of its clients--institutions, hedge funds, asset managers, and broker dealers--by providing execution solutions and making markets in over 15,000 U.S. and foreign securities and ADRs. As a registered broker-dealer under the Securities Exchange Act of 1934, Hudson Securities is a member of the Financial Industry Regulatory Authority ("FINRA") and has been in business since 1984. Hudson Technologies provides technology services to Hudson Securities and client companies.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

Contacts:

Anthony M. Sanfilippo CEO 201-216-0100

Keith R. Knox President 201-216-0100

Andrew Lewin Investor Relations

[Chili Palmer]

Hudson Holding Corp. Adds Former Chairman and CEO of Knight, Ken Pasternak, Former President of Jefferies Group.

JERSEY CITY, N.J., Jan. 7 /PRNewswire-FirstCall/ --

Hudson Holding Corporation (OTC:HDHL) (BULLETIN BOARD: HDHL) , parent of Hudson Securities, Inc., today announced that three new independent directors, Kenneth D. Pasternak, John C. Shaw Jr. and John (Jack) W. Mascone, all with broad industry expertise, have been elected to the Board of Directors at the firm's Annual Meeting of Stockholders held this past December. Mr. Pasternak has been appointed Chairman of the Board by the Board of Directors. The Hudson Holding Corp. Board now consists of five independent directors, and two members of management.

"I am delighted to be working with the new slate of independent directors. A strong corporate governance structure with an independent board of this caliber is an important step for Hudson. I will draw on their vast experience as we expand Hudson's presence as a full service securities and investment banking firm with a strong wholesale market making platform. A board of this stature will be very strategic as we continue to strengthen our institutional sales effort and pursue a variety of opportunities following our recently completed financing," noted Anthony (Tony) M. Sanfilippo, the Company's Chief Executive Officer.

Newly appointed Chairman Ken Pasternak stated, "I look forward to serving in my new role as Chairman of the Board and to working with Tony, the full Board of Directors and Hudson's management team. I have invested in the company because of its vision and business model. There has been a significant consolidation in the industry, and I believe that Hudson is well positioned to leverage its highly scalable trading platform."

Ken Pasternak, a major stockholder of Hudson, co-founded Knight Capital Group, Inc. (ticker: NITE) and served as its Chief Executive Officer from its formation in 1995 until 2002. In addition to Pasternak, stockholders elected John Shaw, who retired as President and Chief Operating Officer of Jefferies Group, (ticker: JEF), after a 23 year career with that firm. Shareholders also elected Jack Mascone, Managing Director of The Seaport Group, LLC, a fixed income institutional sales and trading firm. Existing independent directors Joanne Landau and Peter Zugschwert were re-elected as were the Company's Chief Executive Officer and President.

"Hudson is in a position to significantly increase its value proposition to clients by maximizing the strategic value of its trading platform. This Board brings together individuals who understand the transformative process and are committed to making it a reality. The recent hiring of Tony Sanfilippo as CEO provides the proven management depth critical to this effort," stated new Board member John Shaw.

New Board member Jack Mascone added, "I'm delighted to bring my securities and fixed income trading expertise to the table. As a key stockholder in the company, The Seaport Group and its principals recognize Hudson's untapped potential."

Hudson Holding Corporation is a publicly traded company on the OTC Bulletin Board under the symbol "HDHL" and is the parent of Hudson Securities, Inc. and Hudson Technologies, Inc. Hudson Securities, Inc. is dedicated to meeting the liquidity needs of its clients -- institutions, hedge funds, asset managers, and broker dealers -- by providing execution solutions and making markets in over 15,000 U.S. and foreign securities and ADRs. As a registered broker-dealer under the Securities Exchange Act of 1934, Hudson Securities is a member of the Financial Industry Regulatory Authority ("FINRA") and has been in business since 1984. Hudson Technologies provides technology services to Hudson Securities and client companies.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

Contacts: Anthony (Tony) M. Sanfilippo Keith R. Knox Andrew Lewin CEO President Investor Relations 201-216-0100 201-216-0100

DATASOURCE: Hudson Holding Corporation

CONTACT: Anthony (Tony) M. Sanfilippo, CEO, or Keith R. Knox, President,

both of Hudson Holding Corporation, [phone]; Andrew Lewin, Investor

Relations,

Web Site: http://www.hudsonsecurities.com/


http://ih.advfn.com/p.php?pid=nmona&cb=1266722957&article=41010565&symbol=NB^HDHL

[Chili Palmer]

Hudson Holding Corp. Signs Letter of Intent to Acquire Business of Next Generation Equity Research, LLC

JERSEY CITY, N.J., Jan. 21 /PRNewswire-FirstCall/ --

Hudson Holding Corporation (OTC:HDHL) (BULLETIN BOARD: HDHL) , parent of Hudson Securities, Inc., today announced that it has entered into a Letter of Intent to acquire the equity research and investment banking business of Next Generation, LLC, a Chicago based equity research boutique focused on the needs of institutional investors. The consummation of the transaction is subject to completion of due diligence, the negotiation of a definitive agreement, approval by Next Generation's members, FINRA approval and customary closing conditions. There can be no assurance that the transaction will be completed.

"I am delighted by the anticipated addition of Next Generation's team and its Chicago office to our roster. Next Generation delivers high quality, unbiased, idea driven research on companies with market capitalizations of $5 billion or less. This will allow Hudson to offer its institutional clients a unique research product that addresses companies that are often overlooked by other firms," noted Anthony (Tony) M. Sanfilippo, the Company's Chief Executive Officer.

Timothy M. Fierce, Managing Partner of Next Generation, stated, "We are excited to join Hudson and gain access to their resources. We believe that this will enable us to leverage our platform and expand our existing client base." Michael W. Boehm, Managing Partner of Next Generation, added, "Hudson gives us the ability to expand our research acumen in the marketplace and advance our investment banking capabilities."

The parties expect the transaction to be completed in the first quarter of 2010.

Hudson:

Hudson Holding Corporation is a publicly traded company on the OTC Bulletin Board under the symbol "HDHL" and is the parent of Hudson Securities, Inc. and Hudson Technologies, Inc. Hudson Securities, Inc. is dedicated to meeting the liquidity needs of its clients -- institutions, hedge funds, asset managers, and broker dealers -- by providing execution solutions and making markets in over 15,000 U.S. and foreign securities and ADRs. As a registered broker-dealer under the Securities Exchange Act of 1934, Hudson Securities is a member of the Financial Industry Regulatory Authority ("FINRA") and has been in business since 1984. Hudson Technologies provides technology services to Hudson Securities and client companies.

Next Generation Equity Research, LLC

Next Generation Equity Research, LLC is an equity research boutique focused on the needs of the institutional investor. It provides unbiased, idea-driven research on small to mid-cap companies in the industrial, airlines, and basic materials sectors. Next Generation's focus on the small to mid-cap sector fulfills demand for research products covering publicly-held companies often overlooked by other investment firms.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

Contacts: Anthony (Tony) M. Sanfilippo Keith R. Knox Andrew Lewin CEO President Investor Relations 201-216-0100 201-216-0100

DATASOURCE: Hudson Holding Corporation

CONTACT: Anthony (Tony) M. Sanfilippo, CEO, [phone], Keith R.

Knox, President, [phone], or Andrew Lewin, Investor Relations,

http://ih.advfn.com/p.php?pid=nmona&cb=1266722890&article=41211285&symbol=NB^HDHL

[Chili Palmer]

I remember this was at 0.10 short time ago.

[TOMKAT]

I see insider buying here..550k by an insider 10% holder.