Thursday, December 22, 2005


Kentucky Fried Investors

Up about $2,100 today. I have a new position to disclose: it's Kentucky Investors Group (KINV.OB). The company is profitable, pays a dividend, has had a fair bit of insider buying, and is trading at less than 60 percent of tangible book value. In other words, it's cheap; dare I say: finger-licking cheap?

The stock is very illiquid. Indeed, it took me two weeks and two partial fill orders before I could buy 500 shares at $23.61. Thus, if you go out and buy it (which I strongly discourage), please use a limit order or you might end up buying the stock from me!

Holy illiquidity Batman!
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