Value Investing News - FFH - Comments

efficent market at its best?

bingopitts — Mon, 02 Apr 2007 19:12:50 -0400

Last Dec WLT spun off about 86 mill shares of MWA class B stock. Last May WLT craved out 25 mill shares of MWA in an IPO at 16.00

Today, MWA goes fot 13.56 and MWA/B goes for 13.25.

Both have identical rights EXCEPT that MWA/b has 8 votes to 1 for MWA.

By all rights, MWA/B is the superior stock of the two. It has 8 times the voting power with more liquidity.

Since both shares have been trading, MWA trades more shares, and is priced higher than MWA/B.

I know there still might be post spin selling in MWA/B. But this does not explain why anybody would buy MWA over MWA/B. But that has been the case so far.

So far the efficent market is losing.

Don't break your neck over

Jason — Fri, 02 Mar 2007 09:34:33 -0500

Don't break your neck over it, George. If it comes, it comes. Not a big deal.

Hang in there for a little

George — Fri, 02 Mar 2007 00:24:44 -0500

Hang in there for a little bit longer. I was hopeful that James would show up, but I need to take action now. I don't like that it was taken so long for you to receive your prize.

I still haven't received my

Jason — Thu, 01 Mar 2007 23:50:44 -0500

I still haven't received my free "Trade Like Warren Buffett". I really want to read the book, and will probably just go pick up a copy.

I know as soon as I do, it will come in the mail.