Well the company is Addmaster Corporation (ADDC) and the latest price is $12.50. Super cheap. You can stop reading now as you have the most important part of the story.
Wednesday, January 13, 2016
ADDC on sale for less than cash
Here's another simple one. Let's say we have a dark company with $14 per share in cash, $4 in short term investments, about $10 in real estate, and a BV of $26. They earn almost $1 per share and pay a 3% dividend. Legit American company. They send an annual report each year to shareholders and hold an annual meeting but otherwise report nothing. Don't even post the annual report to their website. What would you say that's worth? I'd go with $25 or $30, depending on how much you hate dark companies.
Tuesday, January 12, 2016
Looking for a sale of MRCR
Here is a simple one. This post could probably be one line long: company selling for 35% of BV with a 77 year old CEO. It's that simple. So you can stop reading now if you'd like
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