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Bob Evans Farms, Inc. Message Board

dukeoftralee 24 posts  |  Last Activity: 10 hours ago Member since: Apr 17, 2000
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  • Reply to

    Special Meeting Amendment

    by snortenstein 17 hours ago
    dukeoftralee dukeoftralee 10 hours ago Flag

    Among other matters voted on at the Annual Meeting, Sandell is pleased that the amendment to Article Twelfth of the Company’s Charter was approved by approximately 84% of the Company’s totalshares outstanding. With the passage of this amendment, ANY Director may be removed from the Company’s Board with or without cause by a simple majority of the shares outstanding. Because shareholders of Bob Evans have the ability to act by written consent, ANYshareholder has the ability to solicit consent for the removal of one, some, or the entire Board of Directors at any time, not just at the Company’s annual meeting. Shareholders thus have an incredibly powerful tool to ensure the highest standards of accountability from the entire Board of Directors, which may be particularly meaningful in the case of Bob Evans given the fact that a significant majority of total shares outstanding were just voted in favor of a number of Sandell’s nominees. ......................................... Sounds like the potential for some sleepless nights for Directors if a 10- 12? ROIC isn't achieved!!! Maybe BOBE should run another template. As stated at the Shareholder meeting, the goal is to UNCOMPLICATE the transaction of business between BOBE and their partner.

  • Reply to


    by snortenstein Aug 21, 2014 2:57 PM
    dukeoftralee dukeoftralee Aug 24, 2014 10:54 PM Flag

    " For one to be successful---one has to stand with people---not above them "

  • Reply to


    by snortenstein Aug 21, 2014 10:46 AM
    dukeoftralee dukeoftralee Aug 21, 2014 11:16 AM Flag

    HRL - Splits: Feb 21, 1980 [2:1], Sep 4, 1985 [2:1], Jun 2, 1987 [2:1], Feb 21, 1990 [2:1], Feb 16, 2000 [2:1], Feb 15, 2011 [2:1]

  • dukeoftralee dukeoftralee Aug 11, 2014 10:11 PM Flag

    y2k7trillionover your comment " : I hold no position in BOBE because I do not like city slickers (like Sandell Asset Management ) running agriculture companies." Would you not say city slickers have been running BOBE the past 6 odd years??? Just asking?

  • Reply to

    Rubber stamping and fear of dissension

    by dukeoftralee Aug 10, 2014 11:40 AM
    dukeoftralee dukeoftralee Aug 10, 2014 11:40 AM Flag

    " People may hear your words-----but they feel---your attitude "

  • "Too much agreement----destroys----the chat "

  • dukeoftralee by dukeoftralee Aug 7, 2014 7:37 PM Flag

    DINNER ROLLS STOLEN:A resident of Hill St., Pleasant Hill, reported the theft of Bob Evans dinner rolls from her refrigerator. The refrigerator is in her carport. The resident advised the theft occurred approximately one month ago and wanted to file a report.

    Send the poor dear a coupon Bob!

  • Reply to

    A Super Duper Presentation!

    by snortenstein Jul 31, 2014 4:28 PM
    dukeoftralee dukeoftralee Jul 31, 2014 7:08 PM Flag

    Elimination of Direct Store Delivery asset intensive model

    Hilarious!!!!!! You guys are something else!!

  • Reply to

    Steve Davis must GO!!

    by leadenhallcapital Jul 29, 2014 8:08 PM
    dukeoftralee dukeoftralee Jul 30, 2014 6:27 PM Flag

    Repeated reduction in earnings guidance
    Missed consensus earnings in 14 of the last 24 quarters
    Consistently poor and declining same store sales
    Bloated corporate overhead
    Inordinately high SG&Aexpenses
    Abysmal returns on invested capital
    Failed ‘Farm Fresh Refresh’ remodeling initiative
    Industry worst margins

    You have to remember the terrible situation that Davis inherited. When someone as educated and connected as Davis is, comes in to take over a troubled company, the shareholders must give the new management time. Davis is implementing strategies that are forward thinking, inclusive, and revolutionary. They take time for the old guard that was entrenched at BOBE to buy in and make the change to Davis's way of doing business. Like staying open all day on Thanksgiving. Just think of where BOBE would be today, if Bob and Dan Evans had the vision and foresight to have done this back then, how much the shareholders would have benefited?? Imagine if Davis had been brought in back in the mid 80's, just think of the marvelous results could have delivered. Give Davis more time. It's kind of like Obama taking over for Bush.

  • Reply to

    Sandell should take a hike losers.

    by billberggren Apr 8, 2014 2:58 PM
    dukeoftralee dukeoftralee Jul 27, 2014 12:25 PM Flag

    Santelli must have read my post!
    CNBC's Rick Santelli went on another epic rant a few weeks ago - this time about cheap money and stock buybacks.
    He is right that stock buybacks can obfuscate a company's financial results.
    The earnings per share of Bed Bath & Beyond and Sirius have benefited from buybacks. Lululemon attempted such financial engineering in June but the market saw through it.

  • Reply to

    Falling Knife !!! Get out Fast !!

    by drmlk3 Jul 9, 2014 10:51 AM
    dukeoftralee dukeoftralee Jul 21, 2014 5:39 PM Flag

    management still significantly lowered its earnings guidance for fiscal 2015. The company now expects to earn between $1.90-$2.20 per share, down from previous guidance of $2.80-$3.00. It also expects full year same-store sales growth of 1.5%-2.5%. Hmmmmmmmmmm sounds like one heck of a revision!

  • Again, it's relative, because McDonald's still serves tens of millions of people a day. But if the number of diners consistently declines, price increases become the mechanism it has to rely on for growth. And higher prices likely mean fewer guests, again, because that makes already more-expensive competitors appear as stronger options. It has to reverse this drop.

  • You have to wonder???

  • Reply to


    by snortenstein Jul 10, 2014 8:47 AM
    dukeoftralee dukeoftralee Jul 12, 2014 12:35 PM Flag

    Wow, broasted chicken, who would have ever thought of that???

  • Portillo's sells 38 locations for 1 Billion dollars. #$%$ Portillo should do some consulting!
    Since then, Portillo's has grown to 38 restaurants in four states, notched more than $300 million in sales last year, and built an online business that ships orders to all 50 states. Portillo's has even boasted on itsmenu that it succeeded without franchising or investors. But now, backed by deep-pocketed investors, industry experts expect its expansion will move faster.

  • Reply to

    Just Went to see what is going on

    by davekauppi Jul 8, 2014 1:41 PM
    dukeoftralee dukeoftralee Jul 9, 2014 9:52 PM Flag

    Great job Dave! I have used the same tactic in helping me make some of my best investment decisions. Peter Lynch would be very proud of you! That said, I am in the opposite position of you as far as entry point into PSIX. I have recently taken profit, with the intention of being able to re-purchase again later at a lower price. I did not totally exit my position because I know that I am not that smart, and PSIX could make a quick U-turn. The ending of the flaring of methane at the wellhead in 2015, has to be thousands upon thousands of wellhead opportunities. PSIX has to be on many radar screens.

    Good luck and average down at some point.

  • Reply to

    Wet Spring

    by sixwire Jul 2, 2014 9:19 AM
    dukeoftralee dukeoftralee Jul 8, 2014 11:06 PM Flag

    Thanks for the information usp!

  • Reply to

    Wet Spring

    by sixwire Jul 2, 2014 9:19 AM
    dukeoftralee dukeoftralee Jul 3, 2014 8:15 PM Flag

    I think it was a wet Fall which caused a lot of additional testing.

    Foreign matter
    – The principal foreign matter in corn this fall is going to be molds,
    either diplodia, fusarium, penicillium, or gibberella. Some of these molds produce mycotoxins
    and some do not. The grain elevator must be extremely careful not to allow mycotoxins to
    contaminate his grain supply because there is zero tolerance for things like gibberella. Even
    ethanol producers must be careful because mycotoxins end up being concentrated in the DDGs
    Many states are reporting that the elevators are rejecting both corn and soybeans due to the poor
    quality of the grain

    NEOG has tests for mycotoxins.

  • Reply to

    Steve Davis, CEO

    by codimac2 Jul 1, 2014 12:12 PM
    dukeoftralee dukeoftralee Jul 3, 2014 7:19 PM Flag

    Bob Evans steady decline
    Over the past five years revenue, net income, and free cash flow declined 7%, 104%, and 81% respectively. Mastermind of a value superior strategy that the likes of Sandell and Cramer can't comprehend! It takes time to turn around a aircraft carrier!

  • Reply to

    10-12% ROI

    by dukeoftralee Apr 25, 2014 7:36 PM
    dukeoftralee dukeoftralee Jun 30, 2014 9:31 PM Flag

    SPAR $4.54 ouch! Average down time!

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