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Ibna Will Follow Star Gas' Restructuring
Star gas, a company that was once run by an investment banker, went into trouble. The board restructured the company and brought in a private equity firm to recapitalize it. At the same time, another company called heating oll partners got dismissed as a "crappy" business. This is one of those special situations where you see people invest their fatigue with bad things going on - but they're still undervalued.