Mr. Joseph M. Dahan struck a deal with Joe's to pay a certain percent of each earnings when he merged his company with Joe's. Now he agreed with Joe's to settle it down with one time buy-out which he is getting in this quarter(8.7 millions).
All these newbies on the board make me laugh we all new this was coming with the buyout of Joe D. this Qtr.. Joez will go back up over $2.00 with in the next 2 months this is great over the long term for Joez. Q1 2013 came in at $0.03 (not counting the Buyout) So Joes hit there estimates actually up $0.01 over estimates and we go higher in the next few weeks & the Exclusivity deal with Macy's being over after Q2 and going into many other dept. stores will be a great thing as now the Else brand will be able to be bought at several locations not just at Macy's so more store more sales & no more over head expenses the big boys are lining up to buy into Joes some one bought in big @ $1.70 so we will be going higher I totally expected this pull back after earnings so I Sold 50% @ 2.02 and locked in major profits and now am sitting at an average of $1.04 pps & now will look to add back to my position while we have this pull back the big question is when to buy again at the bottom of this pullback. Where is Gems? How did you make out Gem? I am so glad I pulled the trigger this time I sold 25% on the 10th @2.02 & the other 25% on the 11th . I knew I was Traveling Friday thru Monday So when I got back & seen the action/I was so glad I pulled the trigger on Wednesday & back into Thursday. "Eatrisk your post back last week was a big help on me making me decide to take some profits off the table" So A big Thanks from me to you just for making me really think about it as Now I am not only playing with house money but I put a nice chunk of cash back in my Brokerage account & waiting for the next bottom. So keep in touch $$$$$