Just a short update on my Japanese holdings. A month or two ago, I sold most of the holdings in my Japanese basket of stocks.
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 […]