The commissions on TD Ameritrade are not prohibitive but are not factored into my analysis above. My apologies.
This is going to be a great menu item at Olive Garden. Tell me if you liked it.
January 2016 275 Puts are $50. So $185 price on January 16 (according to my quant) will yield a $40 profit (or about 80%) for around 6 months exposure. That is a nice bellringer.
That was 45 minutes of my life wasted.
I agree. As I recall, this Board did not allow the founder to attend a meeting a few years back even when he owned shares. That was in the legal filings. So these meetings have had some fireworks before. Maybe they'll have the meeting in Rapid City SD?
I have been looking for a way to establish a large short position. But maybe I will buy a 100 shares and join you. I respect your decision to give this Board of Directors an earful.
That is a good point. But the Potato Ole's sort of recognize the Mexican heritage. And the Super Burrito is correct in both languages. Better than the dog meat they sell at Taco Bell, in any case.
Distribute the cash. Fire management for cause. Melt the equipment and use the cash for a special dividend. That is value creation.
Has anyone determined if the debt is convertible automatically upon a change in control? If not, all the proceeds will go to the creditors and the longs will get what they deserve for the error in their ways.