Subject: Re: The Swatch Group Ltd (UHR.SW)
Manlobbi,
I can give you an extreme example, Gévelot a small Belgian company. They have a small pump business which is doing OK, nothing spectacular.
Family owned with more than 50% of the capital.
Very illiquid stock. Current stock quote is around 180€ and last time I looked (a few months ago) they had more than 200€/share in cash.
This situation is going on for years now. I have been to their shareholder meeting a few years ago, I specially bought one share to do that.
5 people at the meeting, all insiders. Not exactly the Woodstock of Capitalism!!
I asked why on earth they don't take the company private? Why not a special dividend? Any plans for acquisitions?
They only answer I got was "we will think about it sir". Meeting was over in 15 minutes.
Quite an experience.

Astore