September 2008 Blog Posts (2)

Roger's Corner - Sept. 26, 2008: It's A Wonderful Life ... Not!

In the 1946 classic movie, It's a Wonderful Life, Lionel Barrymore plays businessman archetype Henry F. Potter. A key scene in the movie demonstrates Potter's acumen of acquiring a small town's bank during the infamous bank panics of 1929. Potter to the rescue! Only George Bailey (played by Jimmy Stewart) and his family's Bailey Building & Loan can survive the bank crisis.

The analogy is: If the middle-market represents all the small… Continue

Added by Roger Aguinaldo on September 26, 2008 at 6:27pm — No Comments

In Defense Of Shareholder Class Actions

Former shareholders of Chaparral Resources should receive the proceeds of the settlement with Lukoil (LUKOY) in the next few days. The settlement checks were mailed on Monday, we were told by a lawyer involved in the case. We have written about Lukoil's shenanigans in the acquisition of Chaparral Resources before. As majority shareholder, Lukoil manipulated Chaparral to depress its stock price and acquire it at a low price. Shareholders filed a class action and are now, two years after the… Continue

Added by Thomas Kirchner on September 24, 2008 at 8:10pm — No Comments

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