tag:blogger.com,1999:blog-2149523431587168680.post3211401464404469030..comments2024-01-16T00:12:23.220-05:00Comments on Oddball Stocks: Gevelot's hidden value is exposedNate Tobikhttp://www.blogger.com/profile/05660387777171986124noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-2149523431587168680.post-20036259716174686022014-05-27T11:49:58.534-04:002014-05-27T11:49:58.534-04:00Seems like they indeed flipped Kudu: http://www.re...Seems like they indeed flipped Kudu: http://www.reuters.com/finance/stocks/ALGEV.PA/key-developments/article/2996860<br /><br />Question now becomes what they do with all the cash...Anonymoushttps://www.blogger.com/profile/15171471798662807409noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-56727831173978235062014-05-08T06:35:44.118-04:002014-05-08T06:35:44.118-04:00both partners couldnt agree since shareholders als...both partners couldnt agree since shareholders also used to be competitors. So, one side (whose decided to cutoff first) did want to kill other. Meantime, they made money too..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-14881625195669781702014-05-07T12:20:34.844-04:002014-05-07T12:20:34.844-04:00Do you mind elaborating? So Gevelot cut off Kudu?...Do you mind elaborating? So Gevelot cut off Kudu? If so why did they then acquire them?Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-18502779628049127562014-05-07T12:18:58.814-04:002014-05-07T12:18:58.814-04:00Some of statements not true. i.e. kudu didnt act t...Some of statements not true. i.e. kudu didnt act to cutoff first but it occurred other way aroundAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-56142779723609429232014-05-03T20:26:26.749-04:002014-05-03T20:26:26.749-04:00Great article. Interesting in that hidden assets c...Great article. Interesting in that hidden assets can be found in big NYSE stocks too. Take Corning Glass (GLW), they own 50% of Dow Corning, a $6 billion sales company, while Dow Chemical (DOW) owns the other 50%. Nobody seems to talk about it, or notice, but why doesn't anyone put pressure on GLW to sell or spin-off their ownership - at least ask Dow if interested???? Even if GLW could get one times sales, they would have over 10% in market cap value, pre-tax. Because it would be a control situation, maybe Dow would pay more if interested. Instead, there is this hidden asset simply paying dividends to the 2 owners. It's all there in the GLW 10-K towards the back. Dow Corning shows high capital expenditures pre-2013, then cap ex below depreciation and amort in 2013 - very interesting. Dow Corning announced their Q1 2014 earnings and showed a big increase too. Sometimes hidden assets are right there in front of you, but the stock of the holder of the asset may not be cheap enough.......yet!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-65589774642827078962014-05-03T06:29:45.135-04:002014-05-03T06:29:45.135-04:00An interesting situation. I'd be inclined to s...An interesting situation. I'd be inclined to sell. I respect your point of view that management know more about the situation than we do, but equally management have career risk. They may need to own the distributor to keep enjoying jobs that they like, even if it's not in the best interests of shareholders.<br /><br />Would you buy these shares today, if you'd just come across them? Perhaps not?<br /><br />Just food for thought. Like your blog btw, and admire your whole esoteric approach!Monevatorhttp://monevator.comnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-6146026914604715102014-05-02T22:50:12.216-04:002014-05-02T22:50:12.216-04:00Excellent blog!
You might like my blog about val...Excellent blog! <br /><br />You might like my blog about value investing in India at www.igvalue.com ... and if you want to know my exact portfolio with the moat list please visit members.igvalue.com<br /><br />Comments and feedback is highly solicited and appreciated!<br /><br />Anonymoushttps://www.blogger.com/profile/01416916802716423580noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-16887542439200436452014-04-30T20:06:54.703-04:002014-04-30T20:06:54.703-04:00Maybe they couldn't buy it without Gevelot'...Maybe they couldn't buy it without Gevelot's approval. Their 45% could block a sale. Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-15601589553165520262014-04-30T19:14:37.644-04:002014-04-30T19:14:37.644-04:00If they're so sure they can re-sell Kudu for m...If they're so sure they can re-sell Kudu for more, why wouldn't that end buyer just circumvent the middleman and buy it now?Nat Hunthttp://twitter.com/eltruthnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-26161451140680378562014-04-30T12:06:35.275-04:002014-04-30T12:06:35.275-04:00Mike,
That was my thought as well, unless they st...Mike,<br /><br />That was my thought as well, unless they stipulate a new contract as part of the sale. That's my guess for what they'll do, they will ensure that the buyer is friendly and they have an attractive distribution deal.<br /><br />NateNate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-87730624098442921232014-04-30T11:48:35.591-04:002014-04-30T11:48:35.591-04:00but if they flip Kudu, won't they once again l...but if they flip Kudu, won't they once again lose their distribution in Canada?misterkrustyhttps://www.blogger.com/profile/01593047361808728232noreply@blogger.com