After many hours of research, some boredom, and a bit of curiosity, I look for random SEC filings and see what I find.

Today I ran into Omega Protein’s letter to stockholders about electing an activist director. The letter points out all the coarse and interesting remarks of Wynnefield’s principal, Nelson Obus. The words mentioned include “schmuck” and tons of bitter sarcasm. Who knew that SEC filings can be so entertaining.

Just for curiosity, I looked up the results and Wynnefiel’s nominee won, and Omega Protein’s management lost. I guess Mr. Obus had a point after all.

PS

I will see how this plays out. May be I can a research idea.

Advertisements