Philip Morris ČR manufactures tobacco products in the Czech Republic. They also own a subsidiary in Slovakia that sells and distributes products there.
When I first saw the name of Multi-Chem Limited (AWZ.SI), I thought that it was some sort of producer of chemical products, but the company is in a very different business.
Every now and then I like to highlight a transaction that to me looks unfair to minority shareholders. For example, two years ago, Waxman Industries tried to buy out shareholders at a ridiculous price that amounted to just 12% of book value.
I’ve picked up a few shares of Harvard Illinois Bancorp (OTC:HARI). This is a liquidation that could offer a reasonable return depending on the final liquidating distribution(s). I think it is pretty unusual for a bank to liquidate. The reason for the liquidation is that the company ran into big problems in 2014 when it […]
Nansin (TYO:7399) has been part of my Japanese basket of stocks for a few years. I’ve sold my shares recently. Unfortunately this wasn’t due to a rising market valuation. Nansin is as cheap as ever and looks like a nice bargain at first glance: Share price: ¥543 Shares outstanding: 6.77m Market cap: ¥3.7bn Cash & […]