Well, in terms if how much he owns, it is a rather small percentage (about 5%). He still owns 1.6 million shares, so he has plenty of skin left in the game
could we see the stock lose 1/2 its value on Friday? One thing for sure, there is a floor built into the stock at about $5 per share, that's about how much net cash there is behind each share of stock.
Looks like we are getting another bout of hate selling this am. I guess most investors fear a huge debacle unfolding, when FSYS releases its earnings on Friday .Can't blame the "street" for its anxiety, as FSYS's track record has clearly been on the dismal side.
If you compare MCD with CMG, you could detect that CMG's forward multiple is too chinsy. MCD's is expected to see its earnings grow from $5.84 to $6.33 in 2015-that equates to a 8.3% rise. At its current share price, it is selling at 15.08 2015 estimates. On the other hand, CMG is expected to see its earnings grow in 2015 from $12.91 to $16.00, equating to a 23.9% growth rate. Its forward PE is just 37. On a side note, MCD does pay a 3.4% dividend yield, while CMG does not pay a dividend.
Since CMG's growth rate of 23.9% is just about three times higher than MCD's (23.9%/8.3%=2.87) shouldn#$%$ multiple also be three times higher? If that's the case, then CMG's forward PE should be at 45 rather than 37 (its PE deserves more expansion). if you do the math, a 45 multiple, times 2015 estimates of $16 computes a share price of $720
2nd quarter earnings are finally just about here. Hopefully management will elaborate during the conference call about its new culinary contract as well as its recent Combo openings and expansion plans for the balance of the year. These guys are way past due to dazzle us!
because you have to wait about 6-9 months before the deal actually closes,,you will get a couple dividends in the meantime
SWY has the ability to try and find a higher bidder in the next 21 days without recourse form Cerberus. You never know, a sweetened offer could materialize-they often do in these kind of circumstances
It is a little coincidental that 15 Vice Presidents rec'd stock options and grants today and yesterday. There were 15 individual SEC form 4 filings that revealed this windfall to management. It sounds like the "higher up's" at SWY are trying to take care of their own, just before the change of ownership transpires. The option strike price is $38.02, so you know the buyout will be above this price. One VP rec'd 64,671 shares while another rec'd 34,000 shares in grants and options. You can bet your bottom dollar that management wants a deal to be announced asap, as they stand to get very rich as a consequence.
it is not done until the fat lady sings. Now that KR has gotten into the thick of things, the negotiations could take significantly longer. This could be a long and drawn out process, with no resolution until the end of summer. one thing for sure, patience will be rewarded.
$40 to $42 is about all KR will have to bid to secure the deal. It will be mostly a stock swap transaction, so KR will not have to come up with too much cash. The acquisition will be accretive to earnings
serious for the core operations, not Blackhawk or Casa Ley. Those will be sold to another buyer.
A new article was released on Seeking Alpha discussing the merits of an investment in LUB. In general, the article was fairly positive, yet did possess a fair amount of criticism.