I posted just days ago that there were much better shorts than TUES and menntioned BBBY and now you say it didnt happen ?
Shameless quckery ? How about the TRUTH ?
best to just put the clowns on ignore.
They dont know what they are doing and are probably just mad at me because I sold out of PZZI after making 5+ times my money.
Ive had them on ignore for many months.
Im not totally thrilled with everything biglari does but I do think/hope he can me me 10-15% annualized over the next 10+ years. And possibly even more. Got to have a long term perspective though because like when he started buying SNS, the market took it WAY down before he got control & took it back up.
My gains came from buying at prices cheaper than biglari did. And I kind of would like to defer my gains for as long as possible.
Biglari does a number of things that are questionable and does things without shareholder approval that he probably shouldnt.
Part of it to increase his bonus I believe because it maxes out on BHs side but not on the other side.
I dont short.
You need to be careful with pump & dumps. They can be manipulated higher and you could be in a world of pain fairly quickly.
I haven't heard anything and I haven't really looked either.
I shop at walmart & ad match publix & winn dixies ads. Publix is the most likely to carry some of the CBRL stuff but I haven't been in there in a month or two.
Not sure the revenue to CBRL is going to be meaningful. But it cant hurt as consumers seeing the products in supermarkets might put CBRL in their minds and it might slightly increase visits. It wont be measurable however.
Bargain Hunt is a unique discount retail chain that enables our consumers to buy quality brand name merchandise well below normal retail pricing. At Bargain Hunt, expect to find designer clothing for men, women, and children, the latest and greatest electronics and HDTVs, a huge selection of home goods and domestics, all kinds of toys and bikes, tons of sporting goods and outdoor gear, both indoor and outdoor furniture, and many more exciting items.
“The Bargain” – Compare our prices to all other retailers! If we do not have the best price on any item in our store, then we will match anyone else's published price. For the very best deals, check out older dated items and our Best Bargains Discount Program will save you even more money. We always guarantee our customers the lowest prices anywhere and we proudly stand behind our products with our 30 day no hassle return policy.
“The Hunt” – All our stores receive multiple tractor trailers of product each week to keep our stores stocked with fresh merchandise. You never know what you are going to find at a Bargain Hunt Superstore. If you see something you like, get it. More than likely, it will not be there when you come back. Each of our stores has different merchandise, so shop them all and shop them often for the best bargain hunting results.
With over twenty locations, our stores serve thousands of Bargain Hunt customers every day. Please stop by any of our locations to shop and compare our prices and our unique bargain hunting experience to all other retailers. We truly value all of our customers' business and strive every day for 100% customer satisfaction.
If you Like great deals, you will Love our stores.
My cost basis in my remaining shares is about $4. So Im just letting a very small % of my original position ride.
Ive sold out of I don't know, 87% of my max position in terms of number of shares.
I think TUES can & will command higher than a 10-15 PE when they start to show continued sales gains and EPS. (Low interest rates affect PEs meaning one can pay higher PEs because they still look more attractive than income investments or savings accounts)
I hope to see a good quarter, with good sales gains, some clarity of continued progess of the turnaround and eventually, for them to start growing again. As well as relocating to somewhat bigger stores and better locations.
I think the new team can & will do much better than the incompetent Mason regime if you give them some time.
Im also hopeful that the prior CEO did at least some good such that Rouleau isn't starting from scratch in terms of merchandising.
I think its correct to compare what TUES can become to the valuations of "darlings" like BBBY or DG.
TUES has 2-3 times upside potential while it might have 55% downside. So...200-300% versus 55%.
The best reason to be short TUES is a bet on a large market correction. TUES would almost certainly go down if all stocks did. But, I would argue there are hundreds or thousands of more overvalued stocks with more downside potential.
Looks like they sold another 52,000 or so shares on the 2nd and 3rd.
It appears they had set up a 10b5-1 plan in the past which allows them to sell even during blackout periods.
Interestingly, fidelity is showing a last sale of $14.57 but a bid of $14.92 which is kind of unusual, There were no afterhours trades, just BDs form 4.
In other becker drapkin news, they got PACR sold. I never took a position because I couldn't see the upside.
Its a bet the guy situation.
Do you drive looking in the rear view mirror ?
I grant you the stock may have gotten ahead of itself. But what if it didn't ?
The long term upside is more than the long term downside.
So what ?
Sardar has done very well with most of his investments.
I have huge gains on BH and could have had huge gains in CBRL had I followed him.
Pleading with longs to sell ?
Id be more worried about a short squeeze where you have to cover.
$10-11 wont kill me. Then again, I don't have 3% of my portfolio betting against a guy with a fantastic track record.
I can see why that's bothersome for you.
He wants out or control but even in the worst case, he is sitting pretty.
Id wager he ends up getting out of some or all of his position at over $100. Thats a HUGE win for him even if he has to wait around a few more quarters & collect dividends along the way.
I thought & continue to think that offering him 2 board seats in exchange for a standstill agreement is a win-win situation. But regardless, buying the stock was a great decision for him. One I could have followed him into but I chose not to. I was wrong.
Excluding non-recurring charges, they did .37 last year and the year before.
So doing .35-.40 wont be evidence of anything except more of the same.
The stock price requires improvement in my opinion.