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 […]
This post is going to be a bit different from other posts on this blog. I have limited information about this “dark” company, so I can’t produce a detailed write-up. My main goal with this post is to bring some attention to this company. Usually I’m happy to own stuff like this in silence, but […]
Most readers of this site have probably seen some examples of unfair treatment of minority shareholders in buyouts. The MBO at Japanese company Uehara Sei Shoji which I wrote about last week is a recent example from my portfolio. Every now and then you come across something that seems extreme though. The buyout price offered […]
Cimetrix could be a cheap stock. The company is dark and there’s very limited public financial information. I’m looking for fellow Cimetrix shareholders.