I periodically write about special situations or workout investments, a type of value investing that I occasionally find worth partaking in. In the last year, I mostly focused on traditional net-net value investing since there have been relatively few opportunities for going-private transactions in the last year or so.
One that I did find was Boss Holdings (BSHI, now BSHID.PK), a pretty simple company that distributes gloves, boots, and pet supplies to retailers, and which someone listed at Fat Pitch Financials’ Contributors Corner (of which I’m a subscriber). Back in October 2009, they announced their intention to perform a reverse/forward split for all shareholders holding less than 100 shares in order to delist the company at $7.65 a share. After researching the company a bit more and noticing that it also met net-net value investing requirements a few times in previous months as well, adding to its appeal.