Do not understand why GDL does not go private? Based on information on TD investment site and Canada Stockwatch,
Goodfellow has 8,563,000 shares outstanding.
7,915,000 of those shares are held my management,directors and Lac St Louis holdings.
That leaves 548,000 shares for public to trade.
Book value is $18.80 per share.
To buy out remaining shareholders at a very conservative $18 per share would cost under $100 million dollars.
Without exchange listings and regular filings they would save a few million per year in costs.
Another option would be for GDL to sell company and likely get over $20 per share.
It simply does not make any sense to be a public company
Comments appreciated.