the mistake some of you are making is to assume that Elliot has the same goals as you do. he does not care about stock price, and he does not want to pay taxes on a large special dividend. he also seems to want the security of the cash/investments rather than spending it on buy backs. he clearly enjoys running the company, but also wants security.
Operating income increased over 15%. Taking out "other expense" pre-tax income was up from 663k to 771. It is true US operating income was down about 3%. "we're running less efficiently in the Vancouver plant (Pac-Kit) than anticipated. During the first quarter, we started a second full shift of mostly new workers to produce volumes much greater than budgeted. This is good news of course, but there are some growing pains." How much this lower efficiency cost is not given.
TLF is not doing as badly as many other retailers. They still seem to be denying any threat from internet sellers, not withstanding an old post here by someone who pointed out sellers undercutting their prices (I verified a few examples).
sauter, do you have a link for Biglari's plans to divest CBRL? I couldn't find anything about that.
Perhaps, but how do you congratulate yourself on a 5% revenue increase, when you have an extra week in the quarter? At least they were at the upper range of their guidance, which is certainly not what we often experience.
Smoked, it seems no matter what you post, you get thumbs down. I appreciate the information content in your posts.
"As of December 29, 2015 and December 30, 2014, we had no debt outstanding under our credit facility". Pea, as I understand it, they borrowed 60 mil during the year under the credit facility, and paid it back before year end. If you do a search of 10-k under "credit facility" it actually seems to show that and say that.
Pea, I did what you directed and of course found what you did. However, if you look at the balance sheet, even on yahoo for Dec 2015, or in the 10-k, there does not seem to be either short term/current or long term debt.
They go on a lot, since stock options are a big part of compensation. Driscoll sold 4800 shares at $17.20 in the past few days. I would have thought that since 10-Q has not been released, this would not be permitted.
Very upbeat after very good results. A strong suggestion they will raise guidance after 2nd quarter. Still 5 million in free cash flow for the year doesn't seem that great, and there is a suggestion that the shift in first aid requirements to ANSI 2015 is a short term help.