Check out guru.com BERK article/analysis on 8/30/11 written (I believe by a John Emerson) It is good analysis but I believe some of his #'s are not totally accurate (but are now more positive) One point I have relative to his comments about going private...without a buyout at a fair price...(or if he were to take care of his managers/friends under the table) he will definitely have big lawsuit by funds and institutions who continue to hold shares not to say anything about us). Again, I say, why are they holding on when MM would gladly buy their shares at current price
Thanks for that. He provided some very detailed analysis. I have to think some kind of dividend on common is coming soon. MM went from making 8% on $30 million to making 0 on it. Not to mention all the common stock he held before the conversion that hasn't paid a dividend in 3 years.
I agree...dividend is almost sure and MM is not getting any return on a huge investment (well maybe not so huge for him). Hoping he acts quickly before world collapses (further). I suspect his key officers wouldn't mind either...they're also getting on in years as is MM and have a fair amount of stock