AAB.TO - Aberdeen International

[matts]

You are right, fraud is the wrong word. Let's call it an extreme level of shareholder unfriendliness then.

 

Thanks for clarifying it's more of a trade. For myself, I see no reason to roll around in the mud with these guys. But given your expertise I'm sure your odds of success are better than mine.

 

[ItsAValueTrap]

Part of my brain thinks that it is ok because it's a net-net and that the ghost of Benjamin Graham approves.  (*I'm not sure if the ghost of Benjamin Graham would approve.)

 

Is there a price for garbage stocks low enough that they are worth buying?  Part of me wants to say yes.

 

2- GSOL is a different story.

 

3- I really should get back to quality businesses run by honest people.  It makes more sense to me and seems like it's less risky.

 

4- The way management behaves, it's like they assume that the company will go to 0 someday after all of the cash is spent on their lavish lifestyles.  So perhaps that is the most plausible explanation of the situation.

 

I'm sure your odds of success are better than mine.

I don't think it is.  I lost a huge amount of money on QXM/XING, which was a net-net trading below cash.  The CEO ran off with the business and the cash.

[bskptkl]

Compare AAB to SSN, another company related to Bharti.

SSN just settled litigation worth roughly 20 cents per share. Last trade 9.5 cents.

Which one will destroy value quicker?