Discussion about this post

User's avatar
Paul Isaac's avatar

You are also relying upon the beneficence of a super-majority Chinese owner (80%) , who would have considerable latitude on self-dealing , management charges property transactions and the like. All this would take place outside the U.S. legal system with indeterminate local protections and too small a float to justify much in the way of minority self-protection . Maybe it's OK. Sounds appropriately discounted to me.

Expand full comment
Roman's avatar

Sky New Zealand is a great example of illiquidity as well. Decent company, incredibly cheap, but also very illiquid. It pays a decent dividend.

Expand full comment
9 more comments...

No posts