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AUTHOR
DATE
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15
member
10/12/07 3:36PM
litigation settled
All litigation has finally been settled which should remove some considerable headwind for Amcon - during the third quarter they had legal expenses related to Trinity of $1.21 per share but still managed to post
Sorry for going a while without updates - I took some profits around $30 but think this would probably still be pretty cheap in the low or mid $20s. The next Q should look tougher... login to read the rest
The recently filed 10-K reveals that the new CEO and another manager signed a new employment agreement clause on Dec. 29, 2006. They've agreed to remain as employees for at least six months following... login to read the rest
Sorry for the slow reply. I'm not thrilled because it's somewhat dilutive, though to be fair they have previously bought converts as high as $30. It's good to see continued profits at the core businesses... login to read the rest
I don't know the current count of holders of record (non street name); but even for significantly larger companies this is generally below the threshold for mandatory registration so deregistration is quite often a possibility.... login to read the rest
The press release ending the Wright LOI has certainly pushed the stock down a lot, but fundamentally I don't think it changes the value of the company. There is still no cash going to the... login to read the rest
Any thoughts on the recent news of Tuesday and its impact on the liquidation or sale of the non-core businesses and what the plan going forward will be?
Hi and thanks for the messages. It's hard to know precisely what final debt will be post disposal - the food retail spinoff should be able to carry at least some of its debt, and... login to read the rest
While it is clear that the valuation seems cheap even with flat sales growth, is there any reason to believe they have a plan to grow the distribution business after the restructuring. Cigarette sales
What do you see as the companies interest rate on its debt going forward? It appears to have about 75 million of debt + pref stock plus it will owe 5 million when it sells... login to read the rest
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