Parsad Posted March 30, 2010 Share Posted March 30, 2010 After the recapitalization of MEGA Brands, Fairfax ends up with nearly 20% of the company in equity, plus would control 33% of the company if they exercised the warrants they received as well. Cheers! http://finance.yahoo.com/news/Fairfax-Announces-Investment-iw-3122240444.html?x=0&.v=1 Link to comment Share on other sites More sharing options...
tyska Posted March 31, 2010 Share Posted March 31, 2010 Any thoughts on whether management can turn this around. I know from buying presents for kids, I have always sort of lumped their products with the dollar store type of stuff. No real brand loyalty as far as quality and nothing really novel, can that be changed with new product lines or new direction. Dan Link to comment Share on other sites More sharing options...
Rabbitisrich Posted March 31, 2010 Share Posted March 31, 2010 This old Globe and Mail article provides a nice summary of the events leading to Fairfax's involvement: http://www.theglobeandmail.com/report-on-business/rob-magazine/the-empire-strikes-back/article1149686/ Link to comment Share on other sites More sharing options...
Uccmal Posted March 31, 2010 Share Posted March 31, 2010 The dilution has been about 95% from 36 million shares to over 500 million once all the warrants are received. If it returns to former profitability this implies a top share price of $3.00. FFH and Trimark have done what is best for their investment. Link to comment Share on other sites More sharing options...
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