GREY:HRIVF - Post by User
Comment by
openwateron May 14, 2011 9:32am
365 Views
Post# 18576194
RE: RE: RE: Here you go ThyFish
RE: RE: RE: Here you go ThyFishI've been long since 9 cents and follow this board daily. Severstal has so clearly demonstrated that they cannot be trusted to deal with their minority shareholders in a fair, ethical manner that any company they control will always trade at a huge discount.
The only way the true value in HRG will be released for us (and fortunately for them too) is if they relenquish control. We know that's unlikely to happen so we will continue to bump along with them dicking us around and them using HRG as their piggy bank. There are a million ways they can allocate overhead and otherwise use inside information etc. to bleed value out of HRG. And while they're at it they'll give the tree a shake every few months and some Russian somewhere will pick up another million or so shares. And even Chris won't have the $$ it would take to hire the forensic experts and lawyers you'd need to prove it.
I agree with all of the well researched posts about the true value of HRG. We all do. Correct me if I'm wrong though but I just don't see the market fairly valuing this stock any time soon. I suspect I'm like a lot of small (I have 25,000 shares) retail guys out there who are finding it harder to keep the faith.
Thanks for listening.
OW