There are so many things to consider when analyzing investments. Among them, I look at shareholder composition. An investment determination should stand on its own. It should be attractive to the analyst on a risk-adjusted basis. I would never recommend making a decision based solely on the composition of shareholders or the fact that some other shareholder is involved. However, for the eight or nine of us that consider shareholder composition an interesting issue, here are a few thoughts.
Something that happened last year got me thinking harder about this issue. At the time, for