The owners of Etch-A-Sketch et al are offering only 2/3 of its last trade price and own the majority which means they can force it through.

The market has shifted from valuing companies based on fundamentals to valuing them based on their story.

Shareholders' equity grew from $10 million to $10.7 million, while at the same time the bank shrank its share count from 505,592 to 488,296.

I rarely write about failures, but the failure of Enloe State Bank is fascinating, and after a little digging I'm convinced there's a lot more here than meets the eye.

A company with a shaky balance sheet and growth can outrun their liabilities, but it's never a guarantee. A solid balance sheet gives the company and investor time to react to market realities.

Everyone is out searching for an edge. Some investing insight that will give them an advantage over everyone else. Investors all define an edge as something different, but everyone is looking for something.

The term "value investing" is one of those words where the more you think about it the weirder it becomes. What is value after all? It seems anything can be value investing, because value is in the eye of the beholder.

Being public or private isn't a silver bullet. Yes, there are costs associated with being public, but there are also advantages. A public company can raise additional capital with little cost.

Value investing drifted from buying companies that were disproportionally cheap to buying companies that earn above average returns that can be held forever.

The common sentiment is that Graham-esque stocks, that is stocks that trade at low valuation multiples such as a stock trading at10x earnings and 75% of book are junk and a waste of time to research.

Growth can kill companies when they refuse to systematize their processes and become corporate.

When I'm looking for an investment I survey every potential investment candidate available at the current time. I do this because these are the opportunities that I can take action on now.

High risk equals a higher reward in the market. In the case of Enterprise Bank the bank's business model is low reward high risk, but for investors who are willing to wade through the muck this could be a high risk/extremely high reward stock.