Posted at 11:35 a.m., Thursday, January 25, 2007
Cost-U-Less shareholder seeks action to lift stock price
Advertiser StaffOne of the largest shareholders of Cost-U-Less Inc., a warehouse-style retailer that operates two Hawai'i and one Guam location among its 11 stores, is asking the company to consider a sale or other action because it says the stock is trading too cheaply.
Delafield Hambrecht Inc. of Seattle said it's talked to Cost-U-Less' executives and board about boosting the company's share prices, including a takeover by third parties, according to a filing at the U.S. Securities and Exchange Commission. Delafield Hambrecht also asked the company to hire an investment bank to market it.