TRIDQ - Trident Microsystems

[ValueSlant]

Trident Microsystems (TRIDQ) is a recent bankruptcy where there might actually be a substantial recovery for the equity. There appears to be a. downside protection in the form of substantial value to the equity in a liquidation scenario, b. upside in a reorganization of the company as a going concern, and c. a party that will go to bat for the interest of the equity holders.

 

Full analysis here:

http://valueslant.com/2012/02/01/trident-microsystems-tridq-value-bankruptcy/

 

ValueSlant

[17thstcapital]

Any updated thoughts on this here?  Debating if I should be exiting here.  I wasn't listening in this morning but hearing that mgmt  made suggestions that there might be other buyers involved.

[ValueSlant]

Any updated thoughts on this here?  Debating if I should be exiting here.  I wasn't listening in this morning but hearing that mgmt  made suggestions that there might be other buyers involved.

 

I got out this morning. My guess is some news about a higher bid leaked, but don't know. In the high .20s market appears to be valuing in the full liquidation value and some overbid in the STB auction so I think it is prudent to take the gains here.

[17thstcapital]

I bought this back today (wish I didn't sell in the first place) given Friday's developments in court.  The 8K today was very misleading....not that it had a negative impact on the stock price.