it is better to get $5 now, that wait for something that may never happen. A bird in the hand is worth two in the bush. A $5 price would certainly garner more than 50% of the votes
would a 40% premium be enough to persuade the Pappas Brothers to approve the sale of the company?
Not "plane", "plain". The first is a noun, the second, is an adjective.
Look for JVA to announce soon a new stock repurchase plan, especially since the shares are in free fall mode. This time around, the authorization will be three times as large. This one will be $3 million versus the previous $1 million plan-enough to reduce the shares outstanding by 15%
he does have to file, even if he owns only one share. The criteria for mandatory filing is a portfolio that exceeds $100 million
argyyle: Icahn is definitely not buying..he does not own one single share. If he did, it would have to be reported on his 13f filing. please put down the crack pipe.
maybe if they are lucky, a $5 bid will materialize. Looking for more than that is a pipe-dream. remember the old adage, garbage in, garbage out?
the market cap remains the same. It is a good thing. it reduces supply and increases earnings per share.it gives the company more credibility--takes it out of "penny stock" status. It enables mutual funds to buy shares ( many are not allowed to purchase stocks selling below $5).
the stock is so cheap, they need to evaluate the feasibility of having a one for ten reverse stock split-that way at least the shares are fully marginable. Let's face it, so far, management has done very little to benefit its shareholders. we'd have a $40 stock price with just 620,000 shares outstanding and a little legitimacy
Today's article ( Seeking Alpha) reveals that Luby's could be acquired at 60% premium based on the hidden value of its real estate holdings
FSYS was always cash flow positive and could of lasted indefinitely in its current state. The reason it showed losses, was due to non cash asset impairments.
it wasn't too bad, analysts were expecting a big loss, and JVA put up a slight profit. They beat by $1 million on the top line too. The good news is the single cup announcement and the new distribution area in Texas for its Café Caribe brand.