Warren is moirally corrupt too, just think of all the seniors that were forced on the streets since they lose their dividends whenever this pompous clown decided to steal a company from the small shareholders that do not want to sell.
Furthermore this deal was done in December, most will lose the $3 on the taxes they have to pay in 4 months nice move management.
One of the reasons why AZO has never been raided and robbed, with the executives and insiders taking it all. Load up with debt such that your book value is zero and these bozos won't have access to the discount window. Stockman in his book wrote about the debt at Autonation. No Mr. Stockman every company must load up to avoid the takeovers. Lead paint CEOs will just take everything like it is theirs. These clowns need to read Ayn Rand, the large shareholders have no rights to vote for the minority. Those that want to sell the stores can either be divided up, or one shareholder with one vote should block these corrupt deals.
I would like to know exactly if management got to keep their jobs and what benefits they receive from this act of terrorism.
You are so correct. Look at the joke of a price. This stock can easily trade double revenues per share. That is $140. Such rape and abuse.
You will make far more than that in 3 years on the market. Company is easily worth $150 to $200 per share. Capitalism is done in America with all this cronie deals. What kind of deal did management get? did they lost their jobs? If PETM is valued at $77.93, then why did they want to buy it at $83? The answer is simple these private equity clowns than do nothing know it is worth more, that is the only reason to buy. Now the poor shareholder gets stuck with a short term capital gain and loses their dividend to feed their children. Robbery is robbery. Ayn Rand says the small shareholder should be protected from the majority.
COH is worth $200 a share. Private equity has been running this stock in the ground for some time. If you don't like COH sell it, leave it a USA company. What value is DELL, HNZ if they are taken over by slow fat bloat. If it is so worthless, then why do they want to buy it? The reality is they want to buy it becasue it is 75-90% undervalued. That is the only reason to buy something.
May seem they are bipolar, but think about Sears and Yahoo. All the extra ad space could be used to promote sears. Think about nflx, advertising on the shows.
According to the EBIT was $358 MM on $1,092 MM in sales. That was on $100 oil. If oil drops to $66, that means a loss in $340 in ebit. Thus there are no more profits. Does not seem they have debt but $4,000 MM in long term liabilities.
I hope this deal never goes through. LO is the better run company. $100 is a joke low price for company. I wish someone would post how $1 would have become since 1800 including reinvested dividends. I can't believe the idiocrasy of the standard shareholder. Watch the movie that is what you are.
SEC should raid the offices of the jerk Buffett and Berkshire to see if he is making insider deals with KO, IBM, and Tesscoo for possible deals to take private.
This is actually good news. 1. He wants to show Hibu was wrong. 2. He will focus on print sales, possibly stopping decline. 3. He will see digital is a growth area to be left alone. He has over a decade experience at Yellowbook so he should be experienced. BT was sold to private equity for $3.5 billion in a LBO.
I think I read about the reit idea here a month ago or so. Seems like a good idea. They can just close the stores down as fast as possible and lease out the stores or parts of stores to those that "win". Maybe they could also build apartments where the sears use to be and use the other half for a mini mall.
I will take it back as he seemed to do a good job at Yellowbook. But why isn't he still working there? If he wants to he could run the company in the ground for the benefit of yellowbook. Or he could be a true competitor. We will see.
It is sad this moron is going to get it. It is a no brainer, just keep the same people and pay off the debt. He deserves to get a free egg McMuffin at McDonalds, that is about it.
Actually decided to check last quarter in 2012 RPS $8.94
Gurufocus 2014 RSP 14.57
That is a 62% gain in my book. All these lawsuit and crybabie costs will wind off in a year. Assuming they can pay all the debt.
Revenue per share is up about 40-50% since he cried like a baby. People have choices in this world. Unlike the Red Cross, Herbalife actually pays taxes to support the country.