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Luby's, Inc. Message Board

  • shorthighcoverlower shorthighcoverlower Nov 9, 2012 3:02 PM Flag

    real estate owned is 81 units

    LUB owns the real estate on 67 of its Luby's locations and 14 of its Fuddrucker's locations. It is real estate rich!

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    • They sure are real estate rich & the resturant part on the land is the only income producing we get to see...The resturant pays for the hold deal.....Question is , what else can that land be turned into other then a resturant ?? Any thing else may require a tear down of the building.....I think Papas would love it if someone bought the resturants & he then could just be a landlord....Don't know how that could help or hurt shareholder ??...Didn' t the Weingarten sons do that ? Mr Weingarten built Food Stores on the land he owned around 90 or so , & then the sons turned it into Realestate play & Fund....I don't know if Papas is that smart but their are my options avalible....

 
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