All shareholders, Buffett says, should be able to see how the two men look and sound and to make sure they haven't "drifted off into la-la land."
To show my overwhelming honesty and fair play, for any idiot that couldn't figure out the above post was a copy & paste from elsewhere, I want to clear that up.
I was never scammed by beep for free. I simply found an internet post somewhere and reposted it here. I considered it a public service announcement. If anyone was mislead, I personally was never scammed by beep for free.
But, clearly, someone was or they wouldn't have posted the above.
My investment in BH was substantially reduced both at $449 and 413 prior to the tender offer and at $420 in the tender. Then I added a few shares prior to year end at $335. I don't read their financials, just the annual.
At some price, the shares are a value despite the ceo.
His buy of CBRL was very timely. But BH holders should have sold BH and bought CBRL back then.
Now, BH is the cheaper way to own CBRL.
I wish he would sell out and look for better values.
a 15 multiple cannot be assigned given that the CEO steals 25% of gains above 6%.
Maybe half that.=$487. That implies 32% upside. I just hope it doesn't take 3-4 years to get there.
I don't know but Im hanging on for the end.
Not thrilled with an unvalued, illiquid liquidating trust which is apparently what we will have around Aug 6th.
But, it seems we have very little downside risk here.
That's at least a mild positive.
Do you recall what they sold them for back then ? I forget.
I didn't expect this but its welcome. Should limit the downside and be accretive to book value.
You're right. 1.8 million shares at 8.40 gross and $7.896 net. (Excluding 270k for potential overallotments. May 8 2010.
But, since then, I guess they have earned another $4.50-5.50 per share.
any number of sites. edgar otcmarkets and others.
but the cfo sold 2000 shares on 2/16 at $5.
Dec 30, 2015 SCHWARZ MARK E
Officer direct Buy 5.8499 16,665
Dec 28, 2015 SCHWARZ MARK E
Officer direct Buy 5.75 3,335
These shorts you seem to want to fight are very likely short mutual funds simply betting against the market. Its no big conspiracy, I promise you.
And they very likely know little to nothing about the company.
Although 4 times book value is a high valuation for a company that loses money with no end in sight.
Looks like they were just a placeholder or something.
They have disgorged $132k in short swing profits in connection with it.
The sale date was reported as 2/29 but the prior holder has been buying prior.
Standard General own 3.75 million at 2/19.