Karen, you stirred up my interest a little today. I actually did a little research and here is what I found. I'm just going to give you the raw data and you can make your own decisions. I suggest that all interested in this stock visit the addresses that I'm posting and read the information for yourself.
Compare the number of shares owned as reported in these two SC 13G/A's. You will note that a year has passed between these filings.
sec.gov
sec.gov
Since Fruehauf is in chapter 11, they now report on a monthly basis from their California office through the 8-K.
"Fruehauf Trailer Corporation has a trade receivable outstanding of $956,000 from Fruehauf de Mexico S.A. de C.V., a division of Fruehauf International Limited, at the end of the reporting period."
"Fruehauf International Limited had no employees at the beginning and end of the reporting period. Its only operating subsidiary, Fruehauf de Mexico S.A. de C.V., has approximately 417 employees."
sec.gov
Note that these numbers are the same as last month.
sec.gov
Here is some information pertaining to the Wabash stock held by Fruehauf.
"To date, the Debtor has sold 800,000 shares of the Wabash common stock at an average share price of $28.01, less a 7% brokerage fee to Merrill Lynch for executing the transactions. The remaining balance of the Wabash common stock is valued at the basis price of $18.375."
"The value of the Wabash Preferred Stock reflects an anticipated full conversion of the 352,000 shares of Preferred Stock to Common Stock, at the conversion price of $21.375 per share."
Tom |
