Just Published: Issue 27 of the Oddball Stocks Newsletter

Happy Thanksgiving to all Oddballs! We just published Issue 27 of the Newsletter. If you are a subscriber, it should be in your inbox right now. If not, you can sign up right here.

Also, a lot has been going on in the Oddball universe. Some blog posts to catch up on:

• Enterprise Diversified, Inc. v. Woodmont Lexington, LLC - the old SYTE (see also) is in a dispute with the manager that took control of Mt. Melrose, LLC (its divested real estate division in Lexington, Kentucky)
• Life Insurance Company of Alabama - amazing to see a report by a state regulator pointing out behavior by small company management that could cause "shareholder lawsuits".
• The Problem With "Sum of the Parts" - Managements could stop buying assets, sell overpriced (i.e. low earnings relative to purported asset value) ones to third-parties, and return capital to shareholders. But managements need to own assets to justify being paid. And managers with bigger empires get paid more.
• Looking at the Hanover Foods Corporation Annual Results for 2019 – Hanover was probably the most hated Oddball at our Newsletter meetup this year. There was only one gentleman willing to raise his hand to say he had not given up on it!