Investment Memo #1 Part 2: Utah Medical Products, Inc. (NASDAQ: UTMD)
The investment model: LBO or Active Value
This post is a follow-up to my initial investment memo on Utah Medical Products, Inc (ticker: UTMD). You can view by clicking here.
The way I see it, there are three ways to generate a superior risk-adjusted return:
LBO - take majority control through a buyout (attractive given the large discount and practically zero debt on the company’s balance sheet)
Ac…
