SFY and other companies with positive net worths are on the rise today.
The marketplace has a way of sifting through the balance sheets and throwing out the wart hogs.
THey should be using their bloated 'currency' to acquire eagle ford on sale = SFY
Don't believe me, read Swift Energy balance sheet.
Your management has thin skins, which is why they are unwelcoming to a 20% shareholder and have wasted millions on worthless proxy wars to prevent that shareholder from acquiring more stock. What kind of public company doesn't want their stock to be bought ? Why is CBRL afraid to allow BH 2 seats on the Board ? Thin skins and incompetence in Lebanon, Tenn. Proxy wars to prevent a large shareholder to have Board seats is a waste of capital by entrenched weak management. Why was capital wasted on a proxy war to prevent a special dividend. CBRL 'management' may be winning the battles, but BH is winning the war, because the stock position has greatly increased in value, and BH collects MIllions in cash dividends Every year from Lebanon, Tenn. LOL!
SFY is trading at 1/2 book value and even half of net tangible assets.
AXAS people should be converted.
How can Pioneer management sleep at night with an untapped $24 BILLION market cap, that should be put to use to fully acquire eagle ford ?
I ask ya?!
what's wrong with natural gas? the price has moved up sharply recently :)
SFY is trading below net tangible assets
Fire yourself for owning a stock with net tangible assets NEGATIVE $76 M versus market capitalization of $109 M. That's what we call around the cooler... a crack spread of $185,000,000. (smirk)
How about cutting 'deals' which fade away your best ....prospects ?
I laugh at the Zaza ra-ra cheerleaders who have picked one of the most leveraged and dangerous stocks in the eagle ford. The balance sheet here is hugely negative numbers. LOL
On the contrary, we find Swift Energy with book value and net tangible assets at more than Twice the current stock price; SFY. SFY is the eagle ford, don't kid yourselves people.
Cyber Monday gains more traction every year as malls fade into the sunset of history.
What happened to the $182 buyer here ? The cash dividends might over come your basis in 23 or so years.
SEARS down 5% this morning.....cheers!
64,542 acres trading at less than 1/2 net tangible assets and 1/2 book value
don't believe me ? do you own 'due digilence' and ask yourselves why your management overpaid for Geo when they left better bargains on the table ?
All of this should be 'refinanced' now while rates are very low. I know less credit worthy homeowners using drywall, 2 X 4s, and linoleum as the collateral for refi :)
Why does BH have to do anything other than laugh all the way to the bank with $14 MILLION in cash dividends every year (maybe more...smirk) from CBRL, and watch the CBRL stock rise? CBRL owners should be dumping CBRL stock in favor of BH which already owns 20% of CBRL and was only stopped from buying more by a lame weak insulated chum club in Lebanon, Tennessee. It's puzzling to me that CBRL is a public company that doesn't want shareholders to buy the stock. Once Biglari's recommendations about wasted capital on billboard advertising and opening new stores are fully implemented, you will see CBRL over $250 per share by 2017. Notice the CBRL wasted money on a proxy war ? That immediately falls to the bottom line as BH does a victory march down the golden road to successful long term investing.
Why ? BH stock should have moved up with the large CBRL move in the last year, but didn't. The upside wasn't parallel, so why suddenly does it work on the downside ? Besides, CBRL 'management' has a lot of work to do to comply with BH recommendations, otherwise, other activist investors will be paying visits to Lebanon, Tennessee.
Your new stores are not performing as well as existing footprint, which means capital is being misallocated by 'management.' You would have had a blow out quarter but you wasted money on a proxy war that prevented a large stockholder from gaining board seats. The thin skins of Lebanon, Tennessee are preventing larger benefits to flow to the OWNERS of this stock. I'd like to see their overpaid salaries cut by 75% and they be paid in common stock ONLY if they meet certain capital return targets. By the way, I notice this board is devoid of comments about Kraft kicking your butts. Just another sign of lame insulated isolated management. Why is this a public company? So the top 5 can send their grandchildren to Ivy League ?