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  • Bridgford Foods Annual Shareholders Meeting: Business Continues to Grow [View article]
    I love microcaps, and I've been following your articles for a month or two, but this caught my attention:

    "The management seems to have no intention of taking the company private any time soon. Their rationale: they think the shares are so undervalued at this juncture, it would be unethical to purchase the shares back from the remaining shareholder base at prices so low."

    What? If I were in control of a prospering company with a bright future and an extremely undervalued stock price (all assumptions in my hypothetical scenario, of course), I'd be buying my stock back hand-over-fist, sellers be damned. If they put it up for sale, I would assume they REALLY wanted to sell it at that price, and I'd buy it. The quoted statement makes no sense.
    Mar 26 20:14 pm |Rating: 0 0 |Link to Comment
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