Re: Kaiser Group declares big dividend
Cat,
Do you have any thoughts beyond what is on your blog? Here is my group's thinking:
Michel Tennenbaum, who controls the company, is a private equity guy, and he is interested in finding a business which Kaiser could acquire and make a big profit on. If they did, the stock would hopefully go up.
Essentially, we have a private equity type of company which is selling for $26 with a book value of $37. Now that's hard to beat, even though it has been frustrating holding it so far. That's my take on it.
Bottom line: It's not good, but it isn't bad, either. At least Tennenbaum is thinking about the company and is trying to keep expenses reasonable.
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