Why not focus the resources of this company on increasing profits and further increasing cash dividends ? Rather than scheming ways to insult your largest SHAREHOLDER aka OWNER! For our newer readers, Biglari Holdings (BH) controls 19.99% of this company. One in five CBRL locations is effectlvely owned by a much smaller market capitalization company. LOL
Your stock is toast.
Smart money is buying the one and only value stock in the casino; LACO
Market cap of LACO is largely represented by CASH.
Cash is something the Jersey Caesar stooges wouldn't even recognize. LOL
I see janet yellen is creating cover for simon to redeem debt at even lower rates. Backpacks are coming ....retail friends.
LACO has a mountain of cash.
The demise of CZR stockholders is quite poetic justice. You owned a casino that systematically sapped the lifeblood out of hard working Jersey and PA citizen patrons. Now you pay the price with a stock that is essentially worthless. LOL
ANGI market capitalization $464M. Net tang assets are NEGATIVE $41M. Hicks laughed all the way to the bank when she IPOd this thing.
This was brought public because they need to pay DEBT. Like most IPOs, this was engineered to maximize value for the founder (see ANGI) and the underwriters pocket a juicy plum. Then we have the euphoria corncobs that drove this up to $41. What LOCO does is provide a yardstick for the restaurant sector. BH (Biglari Holdings) controls twice as many locations as LOCO, and yet, BH, has a market cap less than half of LOCO.
The entire retail sector is at risk to the next recession, and that presumes we are even out of the 'great recession.' The other big risk is Amazon and other online competitors. KATE has market cap of $3.9 B supported by negative net tang assets of $99M. Macys has a market cap of $20.6B supported by net tang assets of $1.8B. Simon market cap $52.1B supported by $5.2B net tang assets. I would agree that Simons land and structures have a bid above booked basis. But as for Macys - manikins and last year's Coach inventory have dubious intrinsic value.