Monday, May 9, 2011

Activism At Scott's Liquid Gold

Scott's Liquid Gold is a company that trades at a substantial discount to book value. It sits on a nice piece of real estate, which has perpetually been for sale, and also has significant (and consistent) losses.

Here, we see that the company had a 13D filed on them. Here, we see the newest letter that was sent to the board. Basically, the activist is going to withhold votes for every single director except one. Additionally, it seems that this may be one of the more interesting annual meetings to be at this year. If anyone is in Denver on May 18th and decides to attend the meeting, I'd love to hear about what happens.

Disclosure: I own no shares of Scott's Liquid Gold. This is not advice of any kind. Always do a ton of your own research in regards to anything that I say, write, do, or so much as even think about.

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