Whopper Investments
Deep value, special situations, event-driven, arbitrage

Alco's 50% Off Book Sale Represents Opportunity For Investors

Quick summary: Alco is getting acquired for less than its net current asset value. With 30 days to find a higher bid, and a balance sheet so asset rich that a bidder could finance a deal with no equity, it seems the market is dramatically undervaluing the potential for a higher bid.

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Every investment I make has, at its core, one simple question behind it: do I think the company I am investing in is worth more than it is currently trading for?

Of course, value can take many forms. For example, in the case of a company with "hidden" assets, the value comes not from the company in its current form but in some dormant asset that could...

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