mduc...@hotmail.com wrote:
> Class A-authorized 90,000,000 shares of $0.01 par value; 28,970,733
> shares issued, 26,698,572 shares outstanding and 2,272,161 shares held
> in treasury at December 31, 2007

> Class B-authorized 18,000,000 shares of $0.01 par value; issued and
> outstanding 8,059,524 shares at December 31, 2007

> from annual report

> Jae Jun wrote:
> > Mduc,

> > Like yourself, I too thought that the untraded shares didnt matter and
> > didnt affect the valuation. However, I've changed my thinking to agree
> > with Mr Big. The only thing is, since we don't know how many class B
> > shares exist, I can't figure out how much dilution there could be.

> > After comparing Berkshire to K-Swiss, I realised a couple of things.
> > - Both share classes are tradeable, it's just that monst companies
> > dont.
> > - If both are tradeable, there must be a value associated with the
> > untraded shares
> > - The untraded shares, like the traded shares, are entitled to the
> > company value.

> > Basically, it just boils down to the fundamental question. "Is this a
> > high quality company?"
> > If the answer is no, move on, it doesnt matter whether it is a dual
> > class stock or single class stock.

> > cheers,
> > www.oldschoolvalue.com