lets get er done !
$1.92 versus $1.36 for the year ended 3/31/14
$1.48 versus $1.05 for the 9 months ended 12/31/14
And, of course Book Value will increase also.
What to do ?
It seems Warren agrees with me ... .
I wonder if Calvert is going to sue him too ?
On page 30 Buffett states
"At both BPL and Berkshire, we have never invested in companies that are hell-bent on issuing shares. That behavior is one of the surest indicators of a promotion-minded management, weak accounting, a stock that is overpriced and -all too often-- outright dishonesty."
Not a whole lot different really. Smaller clearance section, more luggage, a little bit thinner selection but really not a whole lot different than the old merchandise they blew out at 75%+ off.
A bit surprised the stock is down from the CFOs buy price. But I sold out at $18.01.
Would love to buy back at $7-8 or $12-13. But I doubt the stock will ever see those prices again.
Except of course when the FBI raids the company and arrests their top 5-6 officers because its all a fraud.
still need a CEO.
The small sells are NOT material at all.
As far as the inside window, I honestly don't keep up with it because insiders are not selling hand over foot and its just not significant.
The fact that the vast majority of insiders HAVE NOT SOLD despite an open window speaks a lot toward their earnings for the new year.
Brooks sold another 2000 shares on 3/2.
Common Stock, without par value 03/02/2015 S 2,000 D $ 20.1493 (1) 3,465 D
Common Stock, without par value 1,535 I By Spouse
Common Stock, without par value 2,000 I Minor Children
Sold 4000 at $20-20.05.
Retains 48,881+ options & grants.
Its not like he is taking all his marbles off the table by any means.
I suspect you don't have the needed patience that the market tends to reward.
Im not at all worried about this stock. We hardly have any downside risk. It trades below cash & NOLs.
So why are you here ? It doesn't take much talent to take a dump on someone elses porch and then complain that their porch has #$%$ all over it.
Im here because Becker Drapkin has a history of making me money.
In about a half dozen stocks so far.
And now with a warchest, lets hope he buys something that also does well.
And hopefully we can get some of the governance issues resolved.
Way too much stuff that looks bad. Even though the 25% after 6% isn't that bad by itself.
Him selling his fund to BH and then buying it back for less looks REALLY bad.
And, Im not a fan of regular rights offerings either. Live within your means.
Been here since July and has not even attempted to address the $40+ million in losses during Calverts watch.
Paid tout ? Paid salesman ?
Sentiment: Strong Sell