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Message Boards Settings 21st Century Holding Co. (TCHC) - Quote Info
Re: bye bye TCHC !     29-Oct-09 10:49 pm    
Nope. Their balance sheet should be pristine. Not sure how long you've followed them. They went to an outside investment manager around the beginning of the year. The investments have been recently redone. There shouldn't be any toxic assets. The reasons for the lack of profitability have been occuring now for over a year: writing marginally profitable business, high operating expenses, and poor management.

Here's my response of your last sentence. HCII needs TCHC's licenses and assets. TCHC shareholders could use HCII's management team. HCII got too cute with their low offer. My hypothesis is the low offer is related to who ends up with control of the combined entity.
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  Subject Author Rating Time of Post (ET)  
  guppy_in_a_... Rate it 29-Oct-09 09:43 am  
 
I may be optimistic but I believe this means two t...
matthewaedw... Rate it 29-Oct-09 11:37 am  
 
Reading the letter, I feel they told HCII to ...
jatink@sbcg... Rate it 29-Oct-09 11:41 am  
 
You both need to reread the press releas...
mutinycapit... Rate it 29-Oct-09 09:18 pm  
 
"Michael H. Braun, Chief Executive Officer of 21st...
guppy_in_a_... Rate it 29-Oct-09 09:50 pm  
 
Re: bye bye TCHC !
mutinycapit... (1 Rating) 29-Oct-09 10:49 pm  
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21st Century Holding Co. (TCHC)

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