Today's consolidation in the food sector is a very positive development for BRID-Congratulations Longs!
Since management already owns a big piece of the company, I wouldn't be surprised if they tendered for the balance of the shares, to take it private. In a few years they could cash in big time, by selling those shares in a IPO and a much higher price.
Looks like the Luby's top brass was well rewarded again. Over 200,000 shares via options and grants were doled out today, to the COO, the CFO and six outside directors. This means more dilution! OUCH!
you are right. Whale wisdom already corrected their error. I guess if it had really happened, JVA would be selling at more like $7......to buy that many shares on such a low float stock, would of raised the price considerably.
These guys couldn't turn a profit if their life depended on it. The company is simply too cost bloated and management seems more than happy with the status quo. It might take another decade, before something good happens. In the meantime, don't hold your breath.
they don't need management's vote-they only control a measly 10% of the shares. A PE firm usually puts their own people in at the top, so the Gordon's would still be out.
not going to happen. if it was going to happen, it would of already occurred by now. A lot of assets? I don't think so. These guys don't even own one single piece of real estate. Why on earth would management want a buyout? They would lose their fat salaries, if that happened. I think they want to keep the status quo for as long as possible. This stock is dead money for the next year or so.
I seriously doubt that premise. They are doing it for one thing, and one thing only-to make money!