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 ?
It's surprising to find you here, always thought you were a pretty good value hydrocarbon bird dog.
SFY is down less than CRZO and SN.
That's what matters.
Zaza won't be sporting $100M+ market cap much longer.
EOG gets the oil. Zaza gets diluted ?
SFY is eagle ford trading at huge discounts to book value and net tangible assets.
Zaza bulls don't read balance sheets. They are green bettors at the roulette wheel of life.
Hey, it could hit green, but why not bet red AND black by owning SFY ?
I ask ya ?!
Your entire outrage market capitalization is built on quicksand. Cyber everday (not just monday) is going to fry your keisters.
Biglari Holdings doesn't have to ...do....anything. BH is collecting over $14M per year in cash dividends from Cracker Barrel, a stock that continues to hit new highs, $115 today, for instance :)
Lower gasoline prices mean more biz and profit for CBRL also.
Based on $6 BILLION - DVN move overnight, I'd say Swift Energy is the Eagle Ford sleeper, trading at 1/2 book value and one half net tangible assets, and substantial west Eagle Ford acres and production! SFY
SFY is trading at 1/2 net tangible assets, and has both eagle ford acres and shorts waiting for their punishment :)
SFY appears to be a superior Value in west Eagle Ford than does SN ?
Operating costs were down because ZaZa is determined to conserve cash for survival and because they have wheeled and dealed away the best parts of their 'play' to EOG, etc. As previously advised, ZaZa is like the idiot savant at the roulette wheel putting money on the green. SFY is like owning the house; stable, consistent, undervalued, if one can read a balance sheet.