Hedge fund adds to O'Charley's stake

Crescendo Partners, which a year ago negotiated a deal to take three board seats at the restaurant chain, last week bought almost 100,000 shares of the company, lifting its stake to 13.4 percent. The purchases, detailed here and here, ramped up throughout the week:

Monday - 815 shares
Tuesday - 5,002
Wednesday - 13,983
Thursday - 17,000
Friday – 59,934

At the end of it all, O'Charley's stock (Ticker: CHUX) wrapped up the week down 24 percent and trading at a tenth of its June 2007 value.