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The problem is, for about 2 years now, BH has done nothing but gone DOWN despite a seemingly good investment in CBRL.
How many millions did he spend on his losing proxy fights ?
How much better off would we have been if he had kept his CBRL position at 4.9% and bought other things ?
What will he do with his CBRL stake now ?
He has said he will "outlast" the CBRL board. Does that mean BH is "stuck" in CBRL for the next 5-10+ years even if it underperforms ?
Looks like UNAM is paying a $1 per share dividend soon.
But all that does is reduce his cost basis by $1.
A look at the 2 year chart compared to CBRL & the market averages shows I would have been MUCH better off selling BH back then.
But, a 5 year chart shows BH has outperformed the averages & CBRL.
BH shareholders deserve some kind of explanation for the poor recent market performance.