No idea. But I haven't listened to or read the conference call.
$10.76 is still higher than my last buy at $9.76.
I had a buy order in at $8.76 but I cancelled it in fear. I should have left it open & it would have filled.
Nice to see the price increase on decent volume. Have to think the company might be in there buying
Because otherwise, I would have expected weak to flat after that poor quarter.
But, RCKY is worth at least $17-18 in a fire sale. But I don't think they would accept that if offered.
(And they may have been)
If Sharp doesn't show some improvement within a year, its time to oust him and put the company formally on the block.
In an open auction, rcky is worth $19-21 +.
That's happened to me before, usually if I give too many thumbs up or down in a short period.
Or even if I ignore too many spammers in short order. Their system wont let me ignore more for a day or two.
Not sure where I would start buying any back. The $6s probably, Not saying it will go there again. Might not.
Next call will be interesting.
Maybe the company was back in there buying ? Or maybe they would want to wait a few days ?
Or one of the firms upgraded it or something.
An overall down day so this is at least a little positive.
We need to take a longer term outlook here. They have disappointed plenty of times before but in the long run they always consistently make money. The dividend and the buyback limit the downside risk and the longer the stock stays down, the more of a sitting duck they are.
I think they could probably sell it for $16-17 within a few months but ideally, you want to sell into strength.
The Brooks don't need to fire sale the company and long term the buyback will add value. If they get off their duffs and actually buy stock.
So, I think the lower $20s in a few years is better than $16-17 now.
Or maybe they can just sell off the darn boot business and concentrate totally on the 2 rising stars known as Creative Rec and 4ursole.
Revenue and income ? They are overrated.
I may have to put a call in to an outside director or two here. Or a letter so maybe someone will wake them up and read it to them.
Will be interesting to see the volume going forward. And if Insiders step in and buy or not. Do you compete with the company buyback as a director ?
I will call him names & criticize him. Same with the board. But not "complete frauds".
But, no matter, he will sue me anyway.
Sue until nobody dares criticize is apparently his policy. Cost conscious & everything.
The volume just wasn't there for them too buy much last quarter even if they wanted to.
And maybe they put an undisclosed price limit on it ?
im amazed at how many times a company has disappointed me yet I always get bailed out with time and always make money.
RCKY needs to hire an investment banker and put the company on the block
The only way its not worth the upper teens if they continue to let he current bozo run things.
We should be comforted somewhat by the healthy dividend and the potential buyback which both should limit the stocks downside risk.
His answer didn't make sense when I heard it yesterday and it doesn't make sense now.
How can you be actively taking stock, have a program where you can buy during a closed period but then be unable ? The only thing that makes sense is it didn't meet their price criteria. Which, I guess is a good thing give how bad the quarter was, did we really want them buying stock at $13.50 ?
I think Sharp is going to need to be sent packing and the company put on the block. Creative Rec and 4ursol are not going to ever be material to this company, its time they stopped beating that dead horse.
"Yes, with regard to the buyback, you know, we're actively taking stock out at this point, we have that in place. To date we haven’t bought any back, we have a program in place where we could buy in a close period, unfortunately we weren’t able to buy that period. So we'll continue on with that program, provided we can buy a packet value that we feel is appropriate."
Avg cost= $5.20.
I think that's +65% .
But remember, YOU cant make money with TUES.
Can we get more than 16 negatives for this post ? Its like you aren't even trying.
Im interesting in guidance and what they say regarding the buyback since the stock is up so much.
Its not as screaming a buy at $13 as it was at $10. But I still like it for at least a move to the upper teens.
New 5 year high. Could continue higher because, well, if the stocks up, it MUST be worth it.
This might turn out to have been an ideal merger for LACO, but I still want to punch Lyle about a hundred times for doing the reverse split. I submit, without it, we might be at $7 right now. And 2x7 is more than 1 times
Its not a loan repayment. Its a return of capital. Or, if they screw it up, they will code it as a dividend.
Ive seen it done both ways in the past.
If your cost basis was $8.00 per share and they pay $1.72, your new cost basis should become $6.28.
Again, if its coded properly.
Its not a dividend, its a return of capital. It reduces ones cost basis if its properly coded. (And that is not always the case)
The time of the buyout does not matter one bit. You could have held it then but if you sell it before the to be determined ex-dividend date, you don't get the distribution.
Did you listen to the conference call ? They talked in terms an 8th grader could understand. It might have went over your head.