For those of you interested in what I’ve been reading this weekend:
1. You can click here to read an article about a guy that bought some Palmer Oil stock and argued that it was worth 1.8 million shares of Coca-Cola by tracing a complex set of mergers. This would have entitled them to hundreds of millions in Coca-Cola stock, but alas, the Marohn family did not adjust for the extremely dilutive reverse stock splits when Palmer Oil became Palmer-Stendel Oil and then Petrocarbon Chemicals, which made the stock nearly worthless by the time it merged with Taylor Wine (which eventually got merged into Coca-Cola in 1977).
All along, Coca-Cola contended that the … Read the rest of this article! “Coca-Cola Stock, The Great Depression, and J.D. Salinger’s Estate”