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Jones Soda Co. (JSDA) Message Board

belco_mc 1 post  |  Last Activity: Jan 5, 2015 7:36 AM Member since: Aug 15, 2012
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  • Reply to

    Bad Barrons article

    by smaycs4 Jan 2, 2015 10:05 PM
    belco_mc belco_mc Jan 5, 2015 7:36 AM Flag

    I sold all my BH Friday. His antics continue to concern me. The latest is that he had BH sell stock at 250. Took those proceeds and put them in the Lion Fund. Then he has the Lion Fund use that money to buy shares at ~380. That doesn't seem to make sense to me if your primary focus is BH rather than SB or TLF. The aggressive buying also appears to be trying to drive the stock price up.

    Also, he buys two large positions in companies controlled by a fund who is challenging his antics at BH- seemingly using BH funds again primarily for his benefit.

    The stock is cheap so there may be more money to be made. But add these two issues on top of the other corporate governance concerns and I'm moving on.

JSDA
0.372+0.0010(+0.34%)Feb 26 3:58 PMEST

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