Savvy Trades and Investments

[Knowledge is King]

re FCCG($2.45): what I'm leery of is that I don't see how you make a case for valuing FAT at more than about 15x, which would put its fair value (IMO) in the low-$7s. If you believe OTC markets (always dicey) that there are about 11.8M FCCG shares out, then each FCCG share represents about 2/3 of a FAT share. And 2/3 of $7 put you near $5...still good upside if my math is right. It's a very interesting, complicated, convoluted deal. Also, their restaurant chains are all showing year-over-year sales declines (and Bonanza and Ponderosa have fallen 4 years straight)...tired brands that have seen better days.

Overall, I'm torn but don't think I'll invest primarily because FCCG shares have soared by over 12x in 6 weeks. LOTS of profits to be harvested by long-suffering shareholders who haven't seen more than $.40 for their shares in about 5 years...