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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (34922)7/26/2009 5:27:55 PM
From: Madharry  Respond to of 72596
if I have been able to piece this together. mfcaf should be reporting some kind of a gain on this transaction in the $2-3 range. Now this has definitely become yet another black box company. incorporated in the barbados, trading on the vienna stock exchange semi annual reporting only. none the less with michael smith at the helm, I assume the can bang out 20% returns on equity going forward. I am guesstimating that the stock now sells at what will be a 40% discount to nav of 12/31/2009 much of which is in cash. So I continue to hold what i have here, hoping for more transparency going forward. This is one of my larger portfolio positions and this is a long term hold until it trades at a premium to book.