If the market cap is $640M (Yahoo) and Cracker Barrel value is $471.7M (Yahoo), the rest of the company is only worth $168M???
Sentiment: Strong Buy
The irony is that this is a company that should be targeted by activists.
I thought the same thing. Maybe Janus will make some noise after they sell Petsmart. They have a nice position here.
CBRL is not liquid and the rest of the company has debt.
CBRL would purchase the 4.7M (approx.) shares from BH in a heartbeat.
$770M market cap. Ex-Rights.