Comments on: National Atlantic Notes http://alephblog.com/2008/03/17/national-atlantic-notes-2/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Sun, 12 Feb 2012 18:05:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: alephblog » Blog Archive » National Atlantic Notes, Part IIhttp://alephblog.com/2008/03/17/national-atlantic-notes-2/comment-page-1/#comment-27018 alephblog » Blog Archive » National Atlantic Notes, Part II Tue, 29 Jun 2010 00:38:36 +0000 http://alephblog.com/2008/03/17/national-atlantic-notes-2/#comment-27018 [...] I have more work to do here, but my fundamental view is not changed. I will be voting against the deal, and encouraging others to do the same. Should the deal succeed, I will likely file for appraisal rights. As I have noted before, I believe that I have meritorious arguments for a better price. [...] [...] I have more work to do here, but my fundamental view is not changed. I will be voting against the deal, and encouraging others to do the same. Should the deal succeed, I will likely file for appraisal rights. As I have noted before, I believe that I have meritorious arguments for a better price. [...]

]]> By: Josh Sternhttp://alephblog.com/2008/03/17/national-atlantic-notes-2/comment-page-1/#comment-17352 Josh Stern Mon, 31 Mar 2008 15:15:02 +0000 http://alephblog.com/2008/03/17/national-atlantic-notes-2/#comment-17352 AAME, a puny and very thinly traded insurer is out with earnings and annual report today. http://www.sec.gov/Archives/edgar/data/8177/000095014408002428/0000950144-08-002428-index.htm Basic situation is that the stock trades at a small fraction of their very liquid and conservative investment book, but the company is seemingly just too small to generate better than mediocre operating earnings. I was wondering if anyone had any thoughts about who might buy this company and what price they would pay - posted here because similar questions arose for NAHC. AAME, a puny and very thinly traded insurer is out with earnings and annual report today.
http://www.sec.gov/Archives/edgar/data/8177/000095014408002428/0000950144-08-002428-index.htm
Basic situation is that the stock trades at a small fraction of their very liquid and conservative investment book, but the company is seemingly just too small to generate better than mediocre operating earnings. I was wondering if anyone had any thoughts about who might buy this company and what price they would pay – posted here because similar questions arose for NAHC.

]]> By: AllanFhttp://alephblog.com/2008/03/17/national-atlantic-notes-2/comment-page-1/#comment-17294 AllanF Wed, 19 Mar 2008 21:56:40 +0000 http://alephblog.com/2008/03/17/national-atlantic-notes-2/#comment-17294 Hmmm, if my math is correct, NAHC is offering a pretty easy arb here. About 4-5% for 6 months holding. Beats treasuries. Almost keeps up with inflation. Keep us posted if you decide to go the appraisal rights filing route. Hmmm, if my math is correct, NAHC is offering a pretty easy arb here. About 4-5% for 6 months holding. Beats treasuries. Almost keeps up with inflation.

Keep us posted if you decide to go the appraisal rights filing route.

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