the good news is: the cheaper the stock gets, the more pressure is excerpted on Management to authorize a stock buyback and the more vulnerable the company becomes as a takeover target.
Are these guys purposely trying to sabotage the share price or what? This delay will do nothing but #$%$ the street, as the market absolutely loathes uncertainty. Why not just file chapter 11 now and just get it over with? At least that way the long standing suffering will finally end. Owning this stock is the epitome of torture.
It is looking like the only way to make money in this stock, is to short it. I guess it is logical to follow the trend, and the trend on this one, is nothing but down. A tailspin of epic proportions that will be difficult/impossible to recover from. What good is owning a company that can't earn a profit?
Management owns 30% of the company-they have a tremendous amount of skin in the game. I am sure they are very keenly aware of the share price and will ultimately wish to monetize this investment by getting top dollar in an eventual sale of the entire company.
There are a lot of buyers willing to pay $10.94 right now. Whoever ( suitor of entire company) buys it will get a instant $100 million rebate, by raiding FSYS's cash pile. This essentially allows them to obtain a lower effective price.
this one could easily fetch a 20% premium as the result of a takeover attempt, approximating about $13 per share. The question is, would the shareholder's approve it?
I guess it is good news that natural gas prices are crumbling. The fact is, the bigger the spread between CNG/propane/LNG and gasoline/diesel, the more savings available through the conversion to natural gas applications. One of these days, the market will recognize that fact. Until then, the stock will continue to languish.
Has the stock finally found a bottom? It kind of appears that way. Maybe next month's earnings report will bring good news? Not counting on it, but there is always an outside chance.
It is clearly astounding. CMG attains 17% Same store sales growth and Luby's is stretching just to achieve 1/2% growth. What's wrong with this picture?
Chris is President and CEO, about as traditional as you can get. His brother Harris, although no longer an Officer, is on the Board of Directors, just like Chris.
the shares have been cheap for the past 6 months, yet The Pappas's have not purchased a single share in an open market transaction since then. I don't think they are building their positions, as they already own 37%-.Will they attempt to take it private? It is possible, but not probable. The more realistic situation is they will get the company firing on all cylinders once again, and then shop it with the help of investment bankers.