A small manufacturer is massively overcapitalized but controlled by the founder's family. Minority shareholders can go along for the ride but may never see a catalyst.
And, echoing a point that Rational Walk made on Twitter a few weeks ago, the George Risk 10-K is an ideal educational exercise for beginners (or anyone hoping to brush up on their 10-K reading skills). Simple, straightforward, and relatively short.
Thank you and yes intellectually very interesting. Certainly something I would not buy into though!
When you say:
“The question is whether one wishes to partner with the Risk family or not.” You should probably add:
“The question is whether one wishes to partner with the Risk family and there unnamed (expert) money manager or not.”
Regards
Michael
You’re right … there’s very little visibility into the investments.
Maybe not an actionable idea but intriguing nonetheless. Great find.
Wonderful analysis!
And, echoing a point that Rational Walk made on Twitter a few weeks ago, the George Risk 10-K is an ideal educational exercise for beginners (or anyone hoping to brush up on their 10-K reading skills). Simple, straightforward, and relatively short.