jt, You strike me as pretty market savy. But I'll tell you, doing this stuff for 30 years, the "one-rule" I've learned to not break is diversification. I still break it at times, but only with care and caution and usually a feeling I'm doing something stupid or reckless. 'course, what is "diversification"? Seems like that has to be up to the individual. (Last three years I've ended up with three rental properties I never really wanted, just sorta what the markets forced / told me to do. And knock on wood, so far - not bad.)
I wouldn't touch TBAC right now IF:
1. SI was a few million shares. I'd assume "they" really knew the outcome.
2. If debt was 50-60M, too high, "debt" would clearly win.
3. If seasonality was against us, but with the next 10Q it's on our side.
4. If I knew wally was gone, I'm still assuming OK.
GLs to us here, it might work out. If not there should be salvage value for some time, don't see too many things go straight to zero, and can't get much closer than we already are.
I understand. I hope you are right. I'm have almost given up all hope. It has been 5 years of misery for me. I thought it was just caught up in the financial crisis but was clearly wrong.
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jt, that last post of mine, the clip, at least suggests how BAD the (now fleeing) mgmt was. good riddance. not sure of the timeline, bet we end up with between 20-200c for these shares, see how it plays... this q4, gonna do 35-40, somewhere in there? GLs to us!
November 15th it was 74k, so they covered around 14k. With the average price around .3 during the period = a whopping $4.2k. Looks like Mr C is going to be living high off the hog this xmas.)))
TBAC is overall quite inefficient in comparison to its peers with a Revenues Per Employee, Return on Equity, and Return on Assets of $298,503, (115.40%), and (30.48%) respectively. Despite average performance at generating revenues from employees, the company is among the worst at managing their resources and at managing their owner's equity compared to other companies in the Textiles, Apparel & Luxury Goods industry.
should add, SI I can see (I just use nasdaq), nov29, 60,898 as in "nada" that counts.
of course the mythic naked shorts are probably hiding somewhere, per Mr. C.
S of 80-100M, still?
54M to wally?
lazy seasonality look 20-21-20-48-26 (googfi) (48/26 = almost 2 q4/q3)
salus / rcvables convert thing (king? somethin) under 30M
salvage, even as a dotpk 10-20-30???
vs even slightly normalized 1-2??
So, lottery ticket corner, fun, TBD.
fun, for a speculator in here. NOT fun what mgmt/bod/nat'l policies did to Tandy employees and Yoakum, TX
What we've done as a nation to manufacturing and the work-force is just shameful.
so, the one obvious theory is: A whole brand new team will be running the show soon (as in Mr. Luke/Salus/SPB/HRG bought the show)
or the other obvious: curtain down, show over, Ch7 time.
show over with $50M + to wally, all those brands? not sure that makes sense.
Except to Mr. Charm maybe.
This guy moved fast, just last week he was running the show at tandy, Maybe the girl board of director that resigned got him the job
Chuck Talley's Overview
Chief Financial Officer at Jani-King International, Inc.
Chief Financial Officer at Tandy Brands Accessories
Chief Accounting Officer (CAO) at Tandy Brands Accessories
Corporate Controller at Tandy Brands Accessories
jt, just gave it a quick glance, yes lazy, not punching up old 10Qs, but went to google finance 5 Qs of top line data. This most recent 10Q filed was $20M sales. the quick access google data suggests Q4 (now) should be better than Q3, some seasonality evident.
hope is: OK Q4, pay off salus and others some, maybe find lower risk financing (or sale), get rid of Salus before Tandy's brands are SPB's brands......
jt, I think we know who's selling (any fund that still holds) but who's buying?? ah, me, but not 200K today. (I might buy 200K on Dec31.......if.........)