tag:blogger.com,1999:blog-754894216207950592.post8017117922306844427..comments2024-03-20T15:55:23.392-07:00Comments on NoNameStocks: ADDC is Getting CheaperDan Schumhttp://www.blogger.com/profile/05728696891530868697noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-754894216207950592.post-25236410346656840702019-03-27T12:02:40.182-07:002019-03-27T12:02:40.182-07:00Yes I got them in December. send me an email and ...Yes I got them in December. send me an email and I can shareDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-9437613092435000872019-03-27T11:44:52.724-07:002019-03-27T11:44:52.724-07:00Did you by any chance get a copy of their recent f...Did you by any chance get a copy of their recent financials? I haven't received my copy since your last write up. Michael Hesshttps://www.blogger.com/profile/07453034652163572232noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-42704407202187288962017-01-26T13:58:35.408-08:002017-01-26T13:58:35.408-08:00I think another option they could do is to pull a ...I think another option they could do is to pull a Charlie Munger: invest the company's cash into solid publicly traded companies on the stock market. Maybe something like 50-75% of it. Why? Maybe they can't find any really good micro cap companies to buy out so it could be better to buy partial stakes in really good companies. It's such a waste of time to sit on this much cash having it do nothing. I understand having a cash buffer, but you don't ever need more than 20 some percent of your market cap in my opinion. That amount gives you a buffer during bad times but enough to deploy it in big amounts when good opportunities arise.<br /><br />Note: This is what I mean by the Munger story - he is the chairman for the Daily Journal Corp (a microcap stock) and also that Charlie Munger, of Berkshire Hathaway, and he used their cash to invest in publicly traded companies (ex: Bank of America) during the depths of the financial crisis. Since then, those investments have way outgrown the company's original market cap and the company was a good investment since then because of that. Pretty much solely because of how much the stock investments have grown.<br /><br />Obviously, you'd need someone who knows how to invest wisely. But in this case, it's ridiculous for this company to sit on this much cash. Either buy out minority shareholders, pay bigger dividends, buy out other companies, or buy shares in other publicly traded companies. What the heck is management doing/waiting forAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-54461453582444791832017-01-08T21:20:00.780-08:002017-01-08T21:20:00.780-08:00On the tender I think it's the right thing to ...On the tender I think it's the right thing to do. Or maybe one right thing they could do. And they are certainly thinking about it but the Clarys have not shown to be very proactive on the shareholder value side of thingsDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-41997849725206613422017-01-08T21:16:44.185-08:002017-01-08T21:16:44.185-08:00I would love to see a tender and have pushed for i...I would love to see a tender and have pushed for it. But I'm not holding my breath. <br /><br />This one actually you can buy in more brokerages because it's not a penny stock. ADDC has a stop sign at otcmarkets but Fidelity will let you buy it. PennTrade will as well and T Rowe Price. I think TD Ameritrade will and others. <br /><br />You can check out more brokerage info at my other post:<br />http://www.nonamestocks.com/2016/10/brokerage-firms-otc-markets-and-dark.html Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-85197584713326457872017-01-08T11:58:16.265-08:002017-01-08T11:58:16.265-08:00Thanks for the detailed writeup. Definitely agree ...Thanks for the detailed writeup. Definitely agree it is highly undervalue and hope mgmt initiates a tender! What brokerage can you buy this on? Anonymousnoreply@blogger.com