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Reading International, Inc. Message Board

  • foreverwhiteroses foreverwhiteroses Feb 6, 2011 10:22 AM Flag

    An Annual Burwood Party

    Superbowl be damned! We're planning an annual Burwood sale procedure announcement anniversary party to be held every May 13th. We've only got three months to plan for this party this year, so we better get started right away! Lord knows it's going to be tight planning a party with so little time to prepare, but with some help from the Cotters, I'm sure we can get it done. Anyone want to help? I guess, particularly since we have so little time to prepare, the party will be somewhat sparton this year, but, hey, we've got a whole 15 months to plan for next year's anniversary. That one should be a real blowout and I'm sure the party will grow in stature each and every year! Where should we hold our first bash?

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    • Removed Burwood from the subject line since RDI is supposedly going to monetize other properties we can keep the party local at one of the other locations that Cotter doesn't sell.

    • Not much time left to plan this party, but hey, we've now got practically a whole year to start planning a 123 anniversary party...

    • I know I sound like a broken record on this subject but I can't find a reasonable argument to support owning this stock. I think most bought into this company for the intrinsic value not reflected in the stock price. However, with entrenched management and the voting stock controlled by management the only way to unlock any value here is by trading this stock on any positive news. I have long believed that Reading should be private since it is already a de facto private company controlled by the Cotter Family pretending to be a public concern.

      • 1 Reply to dbn_4
      • I would have thought the announcement hiring an advisor/broker/investment banker to handle the sale of Burwood would have been reason enough to argue against you, but NINE MONTHS LATER, I concede. At this stage, it really doesn't matter if Cotter succeeds in getting an amazing price for Burwood because of whatever he's doing behind the scenes. The time involved and the complete corporate silence proves to me that RDI will continue to be the private playground of the Cotters. The Burwood announcement as precursor for what Reading will be in the future proves not to be. No amount of activist prodding or anything else is going to change that.... Sorry to say it, but, AMEN, Brother. You still a shareholder?

    • Might as well hold it at the old Burwood Brickworks as there doesn't seem to be anything else going on there.

 
RDI
12.10-0.21(-1.71%)Jun 24 4:00 PMEDT