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medchal
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Msg  42383 of 42709  at  7/14/2012 1:41:40 PM  by

n-tres-ted


 In response to msg 42382 by  waylonglvlt
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Re: Prem Watsa's Fairfax Financial to Take Overstock.com Private?

 That is an interesting prospect, partly because I've owned a significant holding in FFH for a number of years, which has been profitable. On the other hand, I've also owned a substantial position in OSTK since about the same time, and that holding is down 65%. Both companies experienced criminal manipulative attacks against their share price and fought back. OSTK has fought even more fiercely, but the predators have been relentless, continuing to suppress the share price even in the face of tightening litigation exposure.
 
PB has been sensitive to protecting shareholder interests against any stock buyback or sellout at suppressed share prices. No doubt he fully understands that OSTK is worth much more than the current share price indicates. A fair price might be negotiated with  FFH, but I don't know whether PB would want to sell the litigation rights or whether FFH would want to buy them. That aspect is problematic, because if the company is separated from the litigation rights, then funding the litigation would become an issue and the defendants would likely dig in even deeper. JMO


 
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Msg # Subject Author Recs Date Posted
42384 Re: Prem Watsa's Fairfax Financial to Take Overstock.com Private? waylonglvlt 2 7/14/2012 2:55:03 PM


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