The stock is going vertical this morning (now up 6%). The shorts must be fueling the rise and they get squeezed into oblivion. The inevitable nasdaq % gainers list inclusion today, will simply add more fuel to the fire. Time to jump on the bandwagon and exploit this bad boy.
Last year, LUB was dropped form the Russell 2000 index because its market cap dropped so far. This year it could easily be added because of its increase in market cap. An add, would force funds to purchase the shares-a very good thing for the stock price
The stock could get a bounce today. A positive article on Luby's was released earlier today could be the catalyst.
These folks just filed a 13d form with the SEC. I guess they are required to do so each time they pass a certain ownership threshold.
I don't think Luby's is a franchise, besides to say that Biglari would go after luby's is really reaching
Chris3219: $10 on a buyout scenario. $7 on improved operations. Dimensional Fund Advisors filed a 13d today. Guess they like the shares at these levels too.
the shorts are feeling the pain in the midst of a very serious short squeeze. The stock has found some real momentum and a powerful tailwind
they own between them, a 34% stake in the company. There is no doubt they have ample "skin in the game".