Now that the price is back down where it was when Warren Buffett was buying Lee stock, maybe he'll jump in again and get the shares he wanted before he had to reveal his intentions publicly. We'll see.
It MADE perfect sense to me however after this nosedive it does not make perfect sense anymore.
If his intentions were to buy more, BH has a second chance to buy up more shares at the level before the spike. It will not take much to pass the 5% ownership, so if this is the case we should know about it quickly.
Yes Stockslayer/gluck (and your other aliases) his deal where he purchased the debt and the stock award that went with it was always public, and he asked the SEC, after this was public, to keep it secret.... It makes perfect sense to us!
BH bought the debt and was awarded the common, hardly the situation you describe. There is ONLY speculation that the reason he wanted to keep this holding a secret was to buy more. There are a number of reasons for him to want this to be a secret, buying more is not the only reason.
My thoughts were that he did not sell his stake however you spun that into I said he did sell his stake, how so?
Stock/gluc/oedward/blueline/etc (same person)....we agree with you, it's business as usual at BH to move in and out of positions quickly... Isn't that how he built his fortune, speculating???
Please post the facts related to your statements and how BH's LEE holding was not awarded as part of the debt deal from Goldman. Show me how what others have posted is "bad information".
How do you know BH hasn't dumped those shares? Do you have information on this or just throwing out random statements and portraying them as facts?
I don't "think" BH has dumped however I do not know that as a fact.
Keep living in Lala land. Read the second to the last paragraph of this article.
BTW, this article was posted by you.
bad information here
he did purchase, hence why he wanted the SEC to keep it secret and it wasnt at a set price (obviously you cant buy 1.2mil or however many shares it was at 1.2 without no one fidgeting; his spread was between .7-1.41 cents a share.) I don't remember the exact spread but it averaged out to like 1.2 or something like that. Do the math behind the number...
Oh and they haven't dumped the stock either. expect this to go to 1.14 before anything happens.