1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (6665) 

Prem Watsa Comments on Selling MEGA Brands

March 11, 2014 | About:

It is with some sadness that we say farewell to MEGA Brands (TSX:MB), a leading global toy company run by the Bertrand family in Montreal, Canada. It is a made-in-Quebec success story that we assisted through the tough recessionary years. The Bertrands approached us with the request to sell to Mattel and as we have said in the past, we support management and the founders. Our cost for our MEGA shares is Cdn$9.88 per share and the Mattel offer is at Cdn$17.75 per share. All in, including our loss on our original convertible debentures, our profit will be Cdn$17 million.

From Prem Watsa (Trades, Portfolio)'s annual 2013 letter to shareholders.


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


pbarker46Below 5 year high
DANGORDONJ GREEN
ltsaiP/B High
valueinvestment101-PEG-Recovery-PB
pbarker46Median PS
pbarker46High & Low PB
pbarker46Low payout & Hist. PB
valueinvestment101-PEG-Recovery
pbarker46Shiller PE & Hist. PB
pbarker46Dividend ideas
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK