transferpricing

Good points all. I don't see an acquirer paying a premium to acquire this firm, since it's basically an investment portfolio with a declining newspaper business on the side, there is no significant brand name or potential acquirer synergies.


My basic idea is that this is basically a pool of liquid assets, that I'm trying to buy at a discount. I suppose though, that the discount really isn't large enough to merit taking on the risk that the share price will never appreciate...maybe it will be a stronger proposition if the investment portfolio became higher than the market capitalization.

Another potential source of trouble is that Mr Munger may just be cheap, and buy this business into Wesco without paying a premium for acquisition....