While the stock is up from the lows, very few people as yet know what is going on here. There s no other reason that the liquid asset value could be almost three times the stock price. And when you consider that the assets consist of cash plus investments in growth companies, this story is all the more remarkable. Of course there are some risks. All the businesses are start ups or early-stage ventures.
Management has plenty of work to do in keeping things on track.
Still, this is one of the most remarkable opportunities we ve come across in quite some time. There s nothing like being blamed for a plane crash to tarnish your reputation. The company had developed a unique in-flight entertainment and information system and managed to get it installed on a trial basis by Swissair. In a tragic coincidence, Swissair Flight 111 crashed on September 2 of last year with the system on board. At first it was thought that the entertainment system might be involved.