Things are crazy this week, so I don't have time to post this morning.
But I'll tease you on what my next post will be about once I have time to sit down and write it.
You may remember a couple of weeks ago I mentioned that I was researching another stock to buy. It was an Asian company not listed on any American exchange and information was not readily available. I had enough stuff to wet my appetite, but not quite enough to pull the trigger.
Well, after some effort (which I'll go into later) I was able to get the full story on this undervalued little gem (market cap roughly US$275 million) and was going to place my order earlier this week.
But then Monday (Sunday evening US east coast time) the stock halted trading in Asia. Why? Because the largest shareholder and Chairman of the company is making an offer to take the company private. He's offering approximately 35% more than the price I would have paid.
The bummer is that I would have bought this stock a couple of weeks ago if I knew then what I knew this past weekend. And made 35% in a very short period of time. (This just goes to show us any company that's truly undervalued could be taken over or taken private at any time.)
The internet makes it A LOT easier to get information on foreign companies. And it's getting easier all the time. Just not easy enough this time.
Amcorp?
Posted by: Global Value Guy | January 18, 2006 at 03:05 PM
Global Value Guy,
You were right! Thanks for reading.
Posted by: John | January 20, 2006 at 10:02 PM