There are some notes out there but not as many as years past.
"I'm here to make everyone some damn money," said Biglari Holdings CEO Sardar Biglari at yesterday's shareholder meeting in New York.
Southern Company has had two stock splits.
January 5, 1966
2 for 1
Price $66 3/8
2 for 1
Price $41 1/8
Stock splits really are not needed. They create nothing.
Anyone can buy $250+ of stock in SO directly for a 1 time fee of $10.
Southern Investment Plan
The Southern Investment Plan provides a convenient way to purchase shares of Southern Company common stock. Key features of the Plan include:
$250 minimum initial investment with a one time enrollment fee of $10 for new investors
No costs to purchase shares
Ability to invest additional amounts - $25 minimum
Weekly purchases with cash investments
Investment through direct debit of bank accounts
Im not rreading much into the feb sales.
This is a longer termj turnaound play.
If their stuff works over the long term, the stock could go much higher.
Clearly a number of posters here have an axe to grind.
They could decide to redeploy the proceeds in another business which may allow them to take advantage of the companies tax assets.
Of course, they could also return the proceeds to shareholders & wind the company down.
Given that most shareholders as well as Becker Drapkin have losses, I think they might at least explore redeploying the assets.
If they had akready decfided to liquiate, they could have said that in the press release.
If the deal didnt mention it being in shares, its in cash.
They arent selling the cash, just the business. The company will still exist after the sale with all the remaining cash. The 8k mentioned some bonuses paid to the managers as well as options which could dilute us a little.
Digital Generation Sees FY13 Adj EBITDA $105M-$125M DGIT
For 2013 the Company expects the following:
Total revenues for the full year 2013 are expected to be in the range of $370-$400 million.
Adjusted EBITDA is expected to be in the range of $105-$125 million.
they didnt say for sure they would liquidate and no mention of how long it might take to wrap things up.
But, seems like it might be worth buying more at current prices.
My savings account pays .84%.
does not mention any disagreements.
Pleased that they are getting some respectable partners. This is what I expected 9 months or a year ago.
STEI is a stable business that will eventually be sold at prices ABOVE the current market.
There is nothing whatsoever wrong with quarterly dividends and the stock buyback will just increase the ultimate per share proceeds that shareholders will get when the company is sold. (At $11.75-14.00+)
We get paid to wait. I appreciate the dividends.
There are thousands of stocks that dont pay dividends. Perhaps you should find one of them.
I also get quarterly dividends in SO and they have a nice little track record of paying dividends and increasing the share price.
There is no reason that both cant be done.
which is lower than Becker Drapkins cost.
But, best case scenario is they keep their $6.99 million in cash and add the $16 million to it.
Thats $22.99 million divided by 21 million shares outstanding= $1.0947 per share.
And thats assuming they didnt burn any cash since yahoos information and they probably did.
But, I guess they would have some NOLs so Becker could find something to merge it with.
Well, Becker owns a lot so he is taking a loss too.
Wonder what, if anything, they will do with the empty shell ?
Paying the cash out would give nearly everyone a loss.
How many of us want them to swing for the fences with whats left ?
a REVOLVING door for upper mgmt is not wildly bullish to me.
But I retain all my shares.
This guy at big lots experience.
New 13d/a. This one says there has been no transactions in the last 60 days which cant be right.
Can someone else read them please ? Im not sure what they are saying.