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Enterprising Investor

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Enterprising Investor

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Re: genlou post# 1605

Saturday, 08/21/2010 9:24:50 AM

Saturday, August 21, 2010 9:24:50 AM

Post# of 1731
Anytime before Friday may have been better!

Seriously, I do not remember ever telling anyone not to buy shares. I prepared the information to update the iBox after last quarter's result, but apparently the information was never saved correctly. I will get this done and more within the next 12 hours or so.

The equity account is now in the black at $68.9 million for shareholders and $77.2 million in total when including the non-controlling interest. It may only take one more quarter to have enough equity to cover redemption ($120.2 million) on a theoretical basis. I could be wrong, but it could be close.

Management made one mistake in my mind - the tender offer for SKRUF should have been enhanced from $5.00 to $7.50 at a minimum. We will see how SKRUF reacts going forward to the good news.

If you aren't an Enterprising Investor, become one—you'll love making money like Benjamin Graham.

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