《Micro Cap Activism: Buying a Stake in a Company Nobody Else Wants》
荷美尔食品产生的自由现金流足以支持私有化收购；缺乏此类行动归因于家族复杂性及自2010年以来的非家族管理层。
为什么不让荷美尔食品私有化，然后再在以后重新上市，如果那是他们想要的话？因为看起来他们得到了一个相当好的价格。大量的自由现金流肯定能支持收购。为什么不将其私有化？
uh why not go private with Hormel Foods and and flip it back onto the markets later if that's if that's something that they desire? Cuz it seems like they were getting a they must have been getting a pretty good price. Lots of free cash flow that can certainly support a buyout. Why not take it private?
我不想代表家族发言，但他们确实拥有相当多的股份。并非家族中的每个人都完全以商业为导向。你可以看到类似麦基亨尼塔巴斯科的情况。随着世代更迭，他们与业务使命的关联减弱，有些人只想要股息。