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Bob Evans Farms, Inc. Message Board

  • dawn.1986 dawn.1986 Jan 11, 2012 10:12 AM Flag

    private equity takeover, Would this be good for be?

    What are your opinions on a private equity firm taking over bob evans.
    Would this be good or bad for the shareholders, customers, employees?

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    • While an LBO might sound good per the article, it could be disastrous for long term investors of the stock outside of a 401K. It would create an immediate tax hit which, while offset by any premium, would cause huge problems. I believe it would essentially wreck the company and wipe out what little employee goodwill to Bob Evans exists today. That being said, I agree, with the article. Sell off Mimi's, take the cash it would spin off and continue to invest in the grocery products division, and continue to build more Bob Evans restaurants WITH A SMALLER. FOCUSED MENU!!!!!! I don't agree with selling the current Bob Evans locations and leasing them back.

 
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