tag:blogger.com,1999:blog-2149523431587168680.post2332471017468798505..comments2024-01-16T00:12:23.220-05:00Comments on Oddball Stocks: Hanover Foods part 1, the storyNate Tobikhttp://www.blogger.com/profile/05660387777171986124noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-2149523431587168680.post-70293268744556755092017-04-12T17:30:40.923-04:002017-04-12T17:30:40.923-04:00Any reason to buy the B shares instead of the clas...Any reason to buy the B shares instead of the class A common shares?LouisDesyjrhttps://www.blogger.com/profile/10929968689160109417noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-34679421719730971722016-07-22T16:16:16.136-04:002016-07-22T16:16:16.136-04:00Do we know what the latest net debt number is?Do we know what the latest net debt number is?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-8107104152686041012015-07-20T16:08:30.339-04:002015-07-20T16:08:30.339-04:00And Unions suck. And Unions suck. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-6639233427901636802015-03-31T02:41:53.710-04:002015-03-31T02:41:53.710-04:00Righ now this comany is dramatically cutting its w...Righ now this comany is dramatically cutting its workforce. Productin in the hanover plants has dropped in the last two years. Also they are in negotiations with the union.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-15338440371560031412013-04-13T06:12:09.547-04:002013-04-13T06:12:09.547-04:00Do you trust these reports? Since they are not re...Do you trust these reports? Since they are not reported to the SEC and OTCmarkets don't you find that there is a risk that the financials can be bogus.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-86172905613896404502012-04-17T23:15:56.805-04:002012-04-17T23:15:56.805-04:00Thanks for posting this, really interesting compan...Thanks for posting this, really interesting company. A good comparison even though it's in Germany. Any reason you ended up selling?Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-59049257521585647612012-04-12T14:20:45.837-04:002012-04-12T14:20:45.837-04:00I'll put some summary financials in the next p...I'll put some summary financials in the next post I do on them. If you want the annual report and all future quarterly reports you can always buy 1 share of the company and call to get the report mailed.Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-76374405912879649042012-04-12T14:18:59.150-04:002012-04-12T14:18:59.150-04:00Yeah, that's pretty common with these unlisted...Yeah, that's pretty common with these unlisted stocks. The good news is when they went dark they seemed to make a somewhat fair offer. The price was $90 and they offered $131. Hopefully if they do the same in the future it would be fair as well. Of course it really should go for book or more, but that's probably unlikely.Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-73818196190053079772012-04-12T14:14:09.661-04:002012-04-12T14:14:09.661-04:00would you be able to throw together a folder for u...would you be able to throw together a folder for us on dropbox or min.us with the financials?!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-46077073333502402612012-04-12T14:11:05.036-04:002012-04-12T14:11:05.036-04:00Interesting company hanover foods. The funny thin...Interesting company hanover foods. The funny thing about these companies trading on the pink sheets is that many of these small family owned companies don't seem to enjoy the public exposure that they get being a publicly traded company' so that might be the reason that so many of them trade on the pink sheets. I know myself and I would not want the public exposure that comes with being a public company. I noticed that on yahoo financial the financial statements come up from 2004. These companies often keep all the information close to the vest as it were. The problem with stocks like hanover foods is that these companies are often majority owned by one two or three people that also are in the senior management of the company. Its often easy for the family to buy the remaining shares that they don't already own if they can acquire them at a very attractive price' and because their not a household name' they often can get away with short changing the current sharholders that are not part of the family as it were. I have had the experience of this sort of thing happen to me many many times. I bought stock in Marsh Super markets. A chain of supermarkets and convenience stores in Indiana. The Marsh family wanted to take their company private and offered a very low price for the shares outstanding. They already owned 80% of all the outstanding shares but I guess they just could not resist the temptation to acquire them all at a very very low price. Because the company was not performing very well they sort of picked up the remaining shares for a song as it were. I don't want to give the impression that hanover foods would not offer a fair price for their shares if they decided to become private company because I don't know the company that well. I had another experience with a company called schuff steel they make the steel framing for buildings. Im sure you have seen a new retail building going up first you see the steel frame part being assembled. Well the stock was trading at 2 dollars a share and the company made a tender offer for the shares that they did not already own for some reason' I can't recall the deal fell though' a few years later the stock was trading ar 20 dollars a share. The family once again was attempting to acquire the shares that they did not already own at a very very low price while they had the chance but this time they missed the boat.Penny Stock Investinghttp://www.manhattancalumet.comnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-14049051686292237772012-04-11T22:41:04.907-04:002012-04-11T22:41:04.907-04:00Hi Tate,
Wow, this company has gone completely da...Hi Tate,<br /><br />Wow, this company has gone completely dark without any filings... <br /><br />Waiting for the sequel. Love the suspense... LOL.Johnhttps://www.blogger.com/profile/14682393043392310140noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-25998104582842263022012-04-11T14:20:01.592-04:002012-04-11T14:20:01.592-04:00Hi nate,
great post, looking forward to the seque...Hi nate,<br /><br />great post, looking forward to the sequel.<br /><br />Hannover looks simlar to Frosta AG, a German family owned frozen food and frozen vegetable producer which I owned for some time.<br /><br />mmimemyselfandi007http://valueandopportunity.comnoreply@blogger.com