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Contrarian, event-driven, special situations

Brazil Fast Food Corp: Still Severely Mispriced, Management Buyout Presents Asymmetric Risk/Reward Opportunity

Brazil Fast Food Corp. (OTCPK:BOBS)

Overview

I am writing this article with two goals in mind:

  1. To convey just how attractive of an investment BOBS shares truly are considering the extraordinarily favorable risk/reward tradeoff being offered to prospective investors at this time.
  2. To offer a rebuttal to BOBS management in lieu of this pitiful attempt to steal the company from minority shareholders, while explaining to minority shareholders how badly they are about to be ripped off.

On Friday September 27th, a press release was issued announcing the company's entry into a definitive merger agreement pursuant to which Ricardo Figueiredo Bomeny (CEO of BOBS) and certain other shareholders (the Investor Group) proposed to acquire the outstanding minority-controlled shares of...

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