maybe because they like the salaries Luby's pays them. In addition, they have been affiliated with lubys for a decade and a half, not just a decade.
it is a possibility, but a very slight one. The most logical takeout price is $7
well nothing is for sure in the stock market--of course it is hypothetical. but the probability of it occurring, is greater than it not occurring
he buying now so he will have less to buy ( and a lower loan requirement) when heultimately makes the tender offer
If lubys fell to $4 or so, the CEO and his consortium could offer a 10% premium and buy the balance of the shares he does not already own, for a mere $92 million-that's is less that its real estate value. He could then tune up Lubys and get it firing on all cylinders and initiate an ipo in a year or so, that could bring $300 million. it would be financial engineering at its very best, and likely push the CEO into the Billionaire class.
was the SA article you are referring to, bullish or bearish? Is Enron in the same class as FSYS? I think Enron was debt laidened., FSYS does not have bank debt
At the rate this is falling, it could zero out by the end of summer. The good news for shorts is they won't even have to "buy to cover" to book their profits. Management seems in a fog.
damn! The stock is up big time on very heavy volume. The good news is it has rose above its all important 200 day moving average line. $6 could easily be achieved by week's end
nobody cares ( the street) when they lose from hedging or win from hedging. It is a non event. The good news is sales were up 19% and the Tea line was introduced as well as the contract with 275 Stop and Shop locations
The company earned 9 cents versus 6 cents, despite a $2 million loss in sales. The 50% improvement in profit was attributable to lower food and G&A costs. Luby's also paid down their revolving credit facility by $6.5 million and plans to sell $15 million of surplus real estate.