Huge pop today. My guess is that word is leaking around the money management community that Sardar has enough votes to get on the board. Once he's on, he will raise the share price.
But CBRL was not up today hardly at all.TodayBH +4.51%CBRL +0.16%.That suggests something specific to BH, no ?Its good for me, Im very long BH with my last buy just over $300.I opted not to buy CBRL although I could & probably should have near $40.
Also, he keeps spending on press releases which he wouldnt need to do if the votes were in the bag.This thing will go down to the wire because any of the voters can change their vote at any time.So a holder may tell one side they have their vote and later change their vote.Only the last vote counts.Its hard for me to fathom how "disruptive" he can be with 1 of 11 board seats.Are they going to stop taking care of customers because of Sardar in their quarterly board meetings ?I think not.