Tag Archives: Monty Python

The LAST Value Investor

Chicken Liquidation CAGLE’S INC -CL A(CAGAQ) /Good Reading

This company has just received a bid post-petition (bankruptcy) and the equity shareholders look to receive $3.70 to over $4.00.  The risk is in how many weeks until you receive money for your shares in cash. This is only appropriate for small investors since liquidity is limited. You might be able to make some coin on a small investment but please do your own work.  Remember the chickens could fly away.

Practice reading court documents

Click through the links in this paper: Chicken Bankruptcy. Note how the price moved up before the announcement because of investors considering the odds of a higher bid being offered.

To learn you should read the court document (second link) in the paper and read the balance sheet, then see if you agree with the analysis.   Note the importance of incentives (who owns the majority of the equity). Always be sure that you are in alignment with the owners or people with a stake in the outcome of the auction.   The auction price has already been announced so the risk is in time to completion.

For making you read about chickens I will be awarding this prize:

Value Insight and you should read:TAVF_2Q_2012 Letter

Bernanke Under Duress

Sources have confirmed that President Obama’s Secret Service Specialists are torturing Bernanke until he agrees to crank up QE_More. Gruesome scene:http://www.youtube.com/watch?v=CSe38dzJYkY

If Hitler ran for office in England