don't count on it. The CEO has too many of his own shares and too many friendly shares in his back pocket to allow anyone to challenge him. He effectively controls over 50% of the shares. That's why the stock is performing so badly. Folks realize that no activist has the power to enact change. The CEO can do what ever he damn well pleases, even if it hurts outside shareholders. The BOD works at the pleasure of the CEO, not the other way around ( the way it should be). The bottom line..the status quo/establishment will remain in power for decades to come. Being a shareholder in this company equates to nothing less than pain, torture, suffering as the loss of investment, accelerates.
please vote no on this horrible deal. The materials have been sent to WPRT shareholders and the same ones will also be used by FSYS shareholders. Anybody that votes yes on this deal, needs to have their head examined.
The folks at Dimensional Fund Advisors revealed a 8.18% stake yesterday, when they filed a 13d form with the SEC. I wonder what they see in Luby's?
the Board of Directors must really like the job he is doing. Why else would they extend his (CEO Chris Pappas) employment contract an additional year, as well as bestow a $225,000 cash bonus on him?
apparently, the little coffee company that advertised during the super bowl ( it won the right from entering in a intuit contest), buys its beans form JVA..I am sure the ad will provide them a surge of new orders.
the ceo can't turn an offer down. it is up to the board of directors to decide
We are finally getting our earnings!
the reason they went from a store level profit to a loss, was due to a 50 basis point increase in SG&A costs, $700,000 rise in interest expense ( a 50% increase) and a 40% increase in depreciation expense, to $7 million
capital items are now factored into earnings-they are depreciated. Land purchases are also not. let me analyze the income statement better, and I'll come up with an answer
just think how ridiculous it will be when it falls under $10 million of market cap-at the rate it is dropping, we could be there in a few days
you can still sell. The shares are now south of $3. why not get out before they fall below $2?