Entering muddy waters – CMI

I apologies for this post being somewhat late. As I have anticipated, the resolutions to turn CMI into a listed investment company went through which means that Glennon Capital (GC) is currently responsible for CMI’s cash hoard of over $20 million or $0.57 per share which is more than half the current share price. WhatRead More

CMI – value in the coal stack

I’ll start by saying CMI is really really cheap. It is so cheap that it has fallen into the realm of the elusive “net-net” (current assets – total liabilities > market capitalisation). CMI was listed in 1993 and has had a colourful corporate history (which I won’t get into). Much of that chequered history hasRead More