-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QgZJApQQmcE07St0cExViDsi3QaOBvvWjokqi8uHIm6VQj01qP4Kz27nLVbSKWVs IDgAqqwHgPujG332goZghg== 0001341004-08-001630.txt : 20080718 0001341004-08-001630.hdr.sgml : 20080718 20080717175600 ACCESSION NUMBER: 0001341004-08-001630 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080718 DATE AS OF CHANGE: 20080717 GROUP MEMBERS: MFP PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DUCKWALL ALCO STORES INC CENTRAL INDEX KEY: 0000030302 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 480201080 STATE OF INCORPORATION: KS FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-43827 FILM NUMBER: 08957971 BUSINESS ADDRESS: STREET 1: 401 COTTAGE STREET CITY: ABILENE STATE: KS ZIP: 67410-0129 BUSINESS PHONE: 9132633350 MAIL ADDRESS: STREET 1: DUCKWALL ALCO STORES INC STREET 2: 401 COTTAGE CITY: ABILENE STATE: KS ZIP: 67410 FORMER COMPANY: FORMER CONFORMED NAME: DUCKWALL STORES INC DATE OF NAME CHANGE: 19781020 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MFP INVESTORS LLC CENTRAL INDEX KEY: 0001105685 IRS NUMBER: 223608480 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 51 JFK PARKWAY STREET 2: 2ND FLOOR CITY: SHORT HILLS STATE: NJ ZIP: 07078 BUSINESS PHONE: 9739212208 MAIL ADDRESS: STREET 1: 513 FK PARKWAY STREET 2: 2ND FLOOR CITY: SHORT HILLS STATE: NJ ZIP: 07078 SC 13G 1 mfp13g.htm SCHEDULE 13G mfp13g.htm

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL
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SCHEDULE 13G
    
       
 
Under the Securities Exchange Act of 1934
    
       
 
(Amendment No.  )*
    
       
 
Duckwall-ALCO Stores, Inc.
    
 
(Name of Issuer)
    
       
 
Comon Stock, Par Value $.0001 per share
    
 
(Title of Class of Securities)
    
       
    264142100    
    (CUSIP Number)    
           
     
 
July 9, 2008
    
 
(Date of Event Which Requires Filing of this Statement)
    
     
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
  
     
 
  o
Rule 13d-l(b)
  
       
 
  x
Rule 13d-l(c)
  
       
 
 o
Rule 13d-l(d)
  
 
 
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment ontaining information which would alter the disclosures provided in a prior cover page.
  
     
 
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
  
 
 
 
 
 
Page 1of 6 pages
 
CUSIP No. 264142100
 
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
 
MFP Investors LLC - 22-3608480
667 Madison Avenue, 25th Floor
New York, NY 10065
 
Michael F. Price
667 Madison Avenue, 25th Floor
New York, NY 10065
 
Michael F. Price is the controlling person of MFP Investors LLC
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
  o
(a)
  
 
  x
(b)
  
3.
SEC Use Only
  
4.
Citizenship or Place of Organization
Delaware
Number of Shares Bene-ficially by Owned by Each Reporting Person With:
5.
Sole Voting Power
  
6.
Shared Voting Power
340,100
7.
Sole Dispositive Power
  
8.
Shared Dispositive Power
340,100
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
340,100
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).
  
11.
Percent of Class Represented by Amount in Row (9)
8.93%
  
12.
Type of Reporting Person (See Instructions)
 
OO
 
 
 
 
 
 

Page 2 of 6 pages
 
CUSIP No. 264142100
 
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
 
MFP Partners, L.P. - 22-3608482
c/o MFP Investors LLC
667 Madison Avenue, 25th Floor
New York, NY 10065
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
  o
(a)
  
 
  x
(b)
  
3.
SEC Use Only
  
4.
Citizenship or Place of Organization
Delaware
Number of Shares Bene-ficially by Owned by Each Reporting Person With:
5.
Sole Voting Power
  
6.
Shared Voting Power
265,300
7.
Sole Dispositive Power
  
8.
Shared Dispositive Power
265,300
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
265,300
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).
  
11.
Percent of Class Represented by Amount in Row (9)
6.96%
  
12.
Type of Reporting Person (See Instructions)
 
PN
 
 
 
 
 
 
 
 
Page 3 of 6 pages
 
CUSIP No. 264142100
 
Item 1.
  
 
(a)
Name of Issuer
     
   
Duckwall-ALCO Stores, Inc.
     
 
(b)
Address of Issuer's Principal Executive Offices
     
   
401 Cottage Street
   
Abilene, Kansas
     
Item 2.
  
     
 
(a)
Name of Person Filing
     
   
MFP Investors LLC
   
MFP Partners, L.P.
     
 
(b)
Address of Principal Business Office or, if none, Residence
     
   
667 Madison Ave, 25th Floor
   
New York, NY 10065
     
 
(c)
Citizenship
     
   
Delaware
     
 
(d)
Title of Class of Securities
     
   
Common Stock, par value $.0001 per share
     
 
(e)
CUSIP Number
     
   
264142100
     
Item 3.
If this statement is filed pursuant to §§240.13d-l(b) or 240.13d-2(b) or (c), check whether the person filing is a:
     
  Not applicable.
     
Item 4.
Ownership.
     
 
As the investment advisor to several clients, MFP Investors LLC is deemed to own 340,100 shares (8.93%) of the common stock of the issuer.  MFP Partners, L.P. (a client of MFP Investors LLC) has the shared power to vote 265,300 shares (6.96%) of the common stock of the issuer.
     
Item 5.
Ownership of Five Percent or Less of a Class
     
 
Not applicable.
     
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
     
 
MFP Investors LLC manages investments for several clients, including MFP Partners, L.P. which owns more than 5% of the common stock of the issuer.
     
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
     
 
Not applicable.
     
Item 8.
Identification and Classification of Members of the Group
     
 
Not applicable.
     
Item 9.
Notice of Dissolution of Group
 
 
Page 4 of 6 pages
 
CUSIP No. 264142100
 
     
 
Not applicable.
     
Item 10.
Certification
 
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
July 17, 2008
 
Date
   
   
 
MFP Investors LLC
   
   
   
 
Signature
   
 
Name:
Michael F. Price
 
Title:
Managing Member
   
   
 
MICHAEL F. PRICE
   
   
 
Signature
   
 
Name:
Michael F. Price
   
   
 
MFP Partners, L.P.
   
   
 
Signature
   
 
Name:
Michael F. Price
 
Title:
Managing Partner
 
 
Page 5 of 6 pages
 
CUSIP No. 264142100
 
JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the stock of Duckwall-ALCO Stores, Inc., and that this Joint Filing Agreement may be included as an exhibit to such joint filing. This Joint Filing Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of the 17th day of July, 2008.

 
MFP Investors LLC
   
   
   
 
Signature
   
 
Name:
Michael F. Price
 
Title:
Managing Member
   
   
 
MICHAEL F. PRICE
   
   
 
Signature
   
 
Name:
Michael F. Price
   
   
 
MFP Partners, L.P.
   
   
 
Signature
   
 
Name:
Michael F. Price
 
Title:
Managing Partner

 
 
 
 
 
Page 6 of 6 pages

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