Feurer would get replacement incentives Im sure.
Both Miller and Higgins benefit if they can buy out the remaining 15% on the cheap and below book value and are then able to reduce costs by no longer being public.
The ONLY ambiguities are those who fail to read or understand simple English.
Anyone can get the distribution by buying before the ex-date, which has not been determined yet.
Who owned the stock months ago is not relevant. Everyone who owns the stock will get the distribution except Sartini and those connected to him.
The stock has been going up, in part, because the $1.72 will be paid to shareholders soon. Even those that cant understand English.
A one time distribution is not a dividend and it doesn't yield anything. If they pay out $1.72, the stock will drop $1.72 and your cost basis will too.
Tuesday Morning is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for TUES in this report.
But a friday afternoon report ?
That would be too low but outsiders couldn't really stop them.
But, its a premium to current market.
The net proceeds received by Winthrop from the sale are consistent with the asset’s liquidation value at December 31, 2015.
Hopefully this will flow thru to shareholders fairly soon.
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.