SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2
(Amendment No. __)*
ALLIED HOLDINGS INC.
--------------------
(Name of Issuer)
Common Stock
------------------------------
(Title of Class of Securities)
019223106
--------------
(CUSIP Number)
December 29, 2005
-------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(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 containing information which would
alter the disclosures provided in a prior cover page.
The information required on 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 1 of 8 Pages
CUSIP NO. 194830204
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ASPEN ADVISORS LLC
13-4118717
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY ------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH REPORT- 244,800
ING PERSON ------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
------------------------------------
8 SHARED DISPOSITIVE POWER
244,800
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
244,800
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.73%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
Page 2 of 8
CUSIP NO. 194830204
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SOPRIS CAPITAL ADVISORS, LLC
20-3177754
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY ------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH REPORT- 244,800
ING PERSON ------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
------------------------------------
8 SHARED DISPOSITIVE POWER
244,800
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
244,800
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.73%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
Page 3 of 8
CUSIP NO. 194830204
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NIKOS HECHT
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY ------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH REPORT- 489,600
ING PERSON ------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
------------------------------------
8 SHARED DISPOSITIVE POWER
489,600
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
489,600
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.45%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
Page 4 of 8
Item 1.
(a) Name of Issuer:
Allied Holdings Inc.
(b) Address of Issuer's Principal Executive Offices:
160 Clairmont Avenue, Ste 200
Decatur, GA 30030
Item 2.
(a) Name of Persons Filing:
Aspen Advisors LLC ("Aspen Advisors")
Sopris Capital Advisors, LLC ("Sopris Advisors")
Nikos Hecht
(collectively, the "Reporting Persons")
(b) Address of Principal Business Office or, if none, Residence:
The principal business office of Aspen Advisors is 152 West
57th Street, New York, NY, 10019. The principal business office of
Sopris Advisors is 314 S. Galena Street, Suite 300, Aspen, CO 81611.
The principal business office of Mr. Hecht is c/o Aspen Advisors LLC,
152 West 57th Street, New York, NY, 10019.
(c) Citizenship:
Aspen Advisors and Sopris Advisors are Delaware limited
liability companies. Mr. Hecht is a citizen of the United States.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
019223106
Item 3. If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Exchange
Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Page 5 of 8
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
Aspen Advisors: 244,800
Sopris Advisors: 244,800
Mr. Hecht: 489,600
(b) Percent of class:
Aspen Advisors: 2.73%
Sopris Advisors: 2.73%
Mr. Hecht: 5.45%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Aspen Advisors: -0-
Sopris Advisors: -0-
Mr. Hecht: -0-
(ii) Shared power to vote or to direct the vote:
Aspen Advisors: 244,800
Sopris Advisors: 244,800
Mr. Hecht: 489,600
(iii) Sole power to dispose or to direct the disposition of:
Aspen Advisors: -0-
Sopris Advisors: -0-
Mr. Hecht: -0-
(iv) Shared power to dispose or to direct the disposition of:
Aspen Advisors: 244,800
Sopris Advisors: 244,800
Mr. Hecht: 489,600
Page 6 of 8
Of the shares reported as beneficially owned in this Schedule 13G,
244,800 shares are owned by private clients of Aspen Advisors and 244,800 shares
are owned by private clients of Sopris Advisors. Mr. Hecht is the managing
member of Aspen Advisors and of Sopris Advisors. Each of Aspen Advisors and
Sopris Advisors, as investment manager for their respective private clients, has
discretionary investment authority over the Common Stock held by their
respective private clients. Accordingly, Mr. Hecht may be deemed to be the
beneficial owner of the Common Stock held by the private clients of Aspen
Advisors and Sopris Advisors.
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.
Each of Aspen Advisors and Sopris Advisors serves as an investment
manager for private clients, none of which, individually hold 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 or Control
Person.
NOT APPLICABLE
Item 8. Identification and Classification of Members of the Group.
NOT APPLICABLE
Item 9. Notice of Dissolution of Group.
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.
Page 7 of 8
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.
Dated: January 6, 2006
ASPEN ADVISORS LLC
By: /s/ NIKOS HECHT
-----------------------------
Name: Nikos Hecht
Title: Managing Member
SOPRIS CAPITAL ADVISORS, LLC
By: /s/ NIKOS HECHT
-----------------------------
Name: Nikos Hecht
Title: Managing Member
/s/ NIKOS HECHT
---------------------------------
Nikos Hecht
Page 8 of 8