Maybe they intend to buy all the Macys and Kohls locations that those companies are smart enough to exit. Retail square footage is in structural decline.....enjoying maintaining, insuring, paying taxes, and collecting less and less rents!
Is it time or Papa to claw back his pension....and do the right thing for once ?
REXX doesn't get the 'national price', they get the Marcellus price, frequently below $1 MCF.
Enjoy supplying the homes, farms and biz of PA with subsidized gas from a debt loaded patsy!
CBRL should be over $240 per share now, but, it's tracking gasoline DOWN. Just the opposite of what should be happening. Lebanon, Tennessee has myopic and overpaid top management. They are so insulated that they spend massive cash, conspiring with lawyers, to fend off an OWNER. If they are that thin skinned....pony of the CASH....Cochran.....and take this chain private.. Ask Kohl's how it works when it's getting too hot in the kitchen to be a PUBLIC company.
$50 per barrel oil is a pipedream now.....Iran can produce with a basis of $1 per barrel.
Even Enron can't financially engineer that basis. LOL
Can you spell 3/4 of BILLION in DEBT ?
Thus far the Simons of Indianpolis have been using other peoples money.
The music quit playing a few years ago for malls.....but hey....enjoy the market cap levitation act!
Winter comes every year, sparky. Plenty of natural gas in storage, and plenty more easily available below $1 MCF in the Marcellus. Enjoy your 15 minutes of fame today.
FCAU is on sale. RACE stock will soon show up. In the mean time, there has to be some accounts that have been hit with margin calls, so they are forced to sell FCAU. It didn't help that China stock market tanked, and took down Ford, GM, BMW and of course, VW.
This is a plausible theory. Nine months from now the sellers of Apple below $100 will have egg on their small faces.
Couldn't have said it better myself. Macys is the biggest rat in the mall rat sector. Raising cash and selling the flagship location. Malls are in decline.
Just wait till the quarterlies are published with worn out hedges. LOL
And why is this based in Chicago ? So he can visit his Auntie Mildred ? This should be based in precious metals country, not the windy pricey streets of Chicago.
Gasoline is going lower and lower. CBRL is an interstate feed trough. Why has the stock not moved inversely to lower gasoline prices ? Stop building new marginal stores....stop burning cash on advertising.....increase stock buy back NOW. Smart management would be #$%$ these things, instead of building moats against your largest shareholder (BH).
And to think the motto here.....food with integrity ......oops!