2 of you morons mark my post negative because you don't like facts ?
Nothing but mindless hype is allowed, right ?
Read their SEC
My claim is not a claim, its a FACT. Read their SEC filings. Believe it or not, you johnny come latelys don't know everything.
With 7 million shares short last month, its not suprising to see the stock at $13.20. Does NOT mean there will be a higher offer.
But, we do get dividends and, if the deal doesnt close by year end, a slight increase depending on how long it takes I believe.
He has enough to buy UNAM if he wanted it. $75 million for what he doesnt own would be enough. If not, he could finance another $5-10 million or pull it from somewhere.
$20 a share dividend would fit right into his plans because he could retain his position and cash out of 20%.
Im thinking he is looking for something other than or maybe bigger than UNAM. Because he has the cash to make that happen right now.
Actually, its not so bullish in PZZIs case because insiders get extra incentives for insider buying.
Its a good program to incent insiders to own shares but it dilutes the predictive value of the buys.
(Not short, just saying)
I dont think he is going away. He might lighten up his position on strength or to institutions in arranged trades but I doubt he is going to dump stock in the open market running the price down.
I suspect he plans to stay over 5% and maybe go after a board seat later on after CBRL stumbles.
I suspect the $20 dividend might get 35% of the vote but too much stock is held by large investors who wont vote against the board unless a 3rd party advisor says to. And none are going to say so with how well things have been going for CBRL.
Of course, I dont know what else might be on Biglaris radar. I do think BH would increase in value if he were able to sell half at market. Because as of now, the market values his stake at a discount because of the presumed illiquidity.
It might be good to take some of his marbles off the table and invest them in stocks that have more upside.
The vast majority of the books are returnable for a full refund. So BAMM really does not have much inventory risk.
Looks like they will be deploying their excess cash into real estate and then hopefully will manage the continued book sales decline well over time. With them closing stores where they dont make financial sense to stay open.
TWMC did that very well and I expect BAMM will be able to also. (Closing stores without massive writedowns)
$8 million ($3+5) is CHUMP CHANGE compared to the kind of money that will be invested in this space long term.
Its not really a competitive advantage at all.
They could have corrected the filing today but did not.
I looked back at the last one and it said $3,000,000 in both places. So even if 600k shares would be the approximate amount sold, its not asking for the # of shares, it asks for a $ amount. They apparently just pulled $600k out of thin air.
I do think that with them continuing to feed shares to the market, it could keep the stock from going higher.
Indeed, I would argue it might be $10 now if not for the $2.9 million worth they already sold.
Im not even considering buying back unless it were to fall to $4-4.50 and that might not happen unless the market really craps out.
So you think its $5m on top of the $3 million for $8m total ?
That might keep a lid on the stock more than $600k would.
If its a typo, it should be corrected.
Found a pick of their new logo.
Its not as good as "Cracker Barrel Old Country Store" would be but it shows a man in a rocking chair which should give the impression of Cracker Barrel.
I also expected to see tangible evidence of a turnaround by now. And Im hoping for some evidence this month.
But, the X-mas quarter is by far the most important and they will have to show significant progress/results for the stock to maintain its current $14-15 range or increase.
Strong comps and a profit this coming quarter would be early evidence. (They have not had a profit this quarter in the last 5 years)
I think the new advertising/marketing will begin in Nov though. And of course, the real kicker, new cash registers, which all but guarantee huge same store sales increases. LOL
It might happen by Christmas. The other guy was supposedly doing some merchandising work during his 6 months ....“I look forward to serving Tuesday Morning on a consultative basis, with a focus on continuing the exciting merchandising programs we’ve successfully executed over the last several months.”
Still not sure why he only lasted 6 months but between his 6 months and Roleau's 7 months,merchandising should be better just in time.
If they have a flat x-mas, I agree the stocks going lower. But I think they have just as good or better chance of having a really good x-mas and going higher.
To me, this is not going to sell as well as "Cracker Barrel Old Country Store" brand would have.
But, Ive yet to see the packaging. Maybe the packaging will help.
Not really a win for CBRL but at least they can start selling the items & collecting royalties.
My guess is the plan is to do $600k at a time and can then come back & do more. This way its more digestable to the market.
I havent seen many companies do this kinds of ongoing offerings. But it make sense to feed the ducks when they are quackin'.
And overall, they havent really sold a boatload of stock. $2.9 million since March.
I cant recall the exact details it was so long ago. Im not positive but I seem to recall $2.29 being our regular price for a pepperoni personal pan. We sold a bunch to a school for some kind of event at $1.50 with no tax and I delivered them. That was way back before there were any national delivery pizza chains.
Many fundraisers are 50-50. Donuts, coupon books & so forth.
Im not still in the pizza business. But ,NPC International, the largest Pizza Hut franchisee in the world. the company I worked for is.
NPC currently operates 1,255 stores in 28 states. NPC Quality Burgers, Inc. currently operates 22 Wendy's restaurants in 2 states.
My concern with Pie 5 is they have nothing that isnt fairly easy to duplicate. They clearly are not good operators as their company owned Pizza Inns always fail.
Remember, Pie 5 was a copied from Top That Pizza. Lots of companies can & will tap into the customized personal pizza business if it continues to grow. Both direct & indirect. I think indirect is the greater threat.
Every pizza Hut, Papa Johns & Dominos could easily retrofit to serve quick partially pre-baked personal pizza.
And even Subway could get rid of the #$%$ frozen junk they are selling & make fresh pizza.
So pie 5 really was first but they have no lasting competitive advantage.
If they are smart, they need to realize that opening new company owned stores is not good for them. Let others, good operators, do that & they just sit back & collect royalties.
Supply/demand. They've been selling since $5.
Its wise for them to raise cash with the stock being overvalued. Im a bit suprised its only for $600k more though.
Was the first one for $3 million and they are about out ? I havent paid close attention and most posters here are just blindly bullish no matter what.
After repeating his argument for Cracker Barrel to pay a one-time, special dividend, Big said this:
"While we have no intention of relenting in our quest or of relinquishing our position, we require the support of like-minded stockholders, who in our view are akin to partners. In our April 19, 2012 letter to shareholders, we pledged not to sell any shares unless we first issued a press release a minimum of two weeks in advance. But if our partners do not support us by voting our nominees in as directors at the annual meeting, then our pledge will expire at the annual meeting, providing us with flexibility with our investment in the company."
And higher than expected margins. And their best earnings quarter in the last 5 years or so.
That should fuel speculation that the turnaround might happen sooner rather than later.
Improved merchandising & supply chain efficiencies to go along with significantly increased sales & inventory turns could fuel record earnings 2 and a half to 3 and a half years from now. Not from a housing peak, but from professional management, something TUES has never had.
$30-35 is not an unreasonable target price for those willing to wait a few years.
If you doubled your IQ, you'd still be a moron. On ignore with the rest of the clueless touts.
Sold a large quantity of personal pan pizzas to a school function way back when, we split the proceeds 50-50.
But, nevermind, you know everything despite never managing an eatery & never being a professional investor.