One point on the obsolescence issue: I think this is an incident where primary/agent issues are particularly rife, and though it might be foolish to double down as a trader, it could be smart to average in as an owner. If you are an investor, and by description a minority holder in the ongoing company, something similar to Kodak is likely to be a loser then.
If, instead, you can be an owner, then it’s a different story. You can stop attempting to invest in areas from the core business, intend to continue trimming costs and capacity to complement the demand for the legacy business, and effectively deal with the company down to liquidation while increasing cash flow.
This will definitely cost a lot of jobs, but they are likely jobs that would disappear just a couple of years later anyhow after a great deal of uneconomic investment. This seems to be one of the initial niche categories where private equity is a very important contributor, by tugging cash from less economic investments and pushing it to investors for reallocation.
- The to benefit from our assets, such as renting out our land
- There are obstacles to entry
- APC + APS = 1
- Asset gratitude
- Generate reviews easily and quickly
- 15%: Fidelity Value Discovery
- 2015 = 1998 and 2011 (with a difference)
- Access Care Oklahoma, LLC
Shorter version: Cigar butts are only worth buying if you can take the last puffs yourself and throw it away once you’re done. But it … Read the rest