LICT Corporation

LICT Corporation owns a collection of 14 geographically disparate rural telecom companies. The company traded on the AMEX as Lynch Interactive Corporation until 2006, when it underwent a reverse stock split and deregistered. Since, then the company has been diligent in releasing regular quarterly and annual reports for shareholders. Famed value investor Mario Gabelli and …

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Empire Resources Announces 1 Million Share Tender Offer

Empire Resources has been a disappointment since I wrote about the company back in late March. Despite posting solid earnings since, the company’s total return has trailed the market. At a bid/ask midpoint of $2.80, the company trades at just 70.6% of fully diluted book value and a trailing P/E ratio of 6.2. Today the …

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