Short term capital gains with a zero cost basis ?
$3.83 per share of EDCI's common stock outstanding. The Board of Directors has fixed September 16, 2013, as the record date for the dissolution distribution. The dissolution distribution will be paid on September 30, 2013.
Willis has a history of continued insider buying with NAVR even at higher & higher prices. To me, this confirms the turnaround is well underway at both companies and that TUES will likely have a good x-mas.
Sep 4 04:48pm Aug 30 2013 TUES Tuesday Morning Corp/de Willis Richard Director 2,500 Purchase at $12.53 $31,325
Aug 20 07:29pm Aug 20 2013 NAVR Navarre Corp /mn/ Willis Richard President, CEO 5,000 Purchase at $3.14 $15,719
Aug 19 04:55pm Aug 19 2013 NAVR Navarre Corp /mn/ Willis Richard President, CEO 10,000 Purchase at $2.90 $29,000
Jun 21 12:38pm Jun 20 2013 NAVR Navarre Corp /mn/ Willis Richard President, CEO 3,500 Purchase at $2.69 $9,408
Jun 11 06:39pm Jun 11 2013 NAVR Navarre Corp /mn/ Willis Richard President, CEO 2,000 Purchase at $2.60 $5,197
Jun 10 02:09pm Jun 7 2013 NAVR Navarre Corp /mn/ Willis Richard President, CEO 4,000 Purchase at $2.50 $9,996
Jun 6 04:27pm Jun 6 2013 NAVR Navarre Corp /mn/ Willis Richard President, CEO 2,000 Purchase at $2.49 $4,976
Jun 4 12:50pm May 31 2013 TUES Tuesday Morning Corp/de Willis Richard Director 1,100 Purchase at $8.96 $9,856
Jun 3 12:38pm May 31 2013 NAVR Navarre Corp /mn/ Willis Richard President, CEO 2,000 Purchase at $2.36 $4,720
Nov 29 2012 Nov 27 2012 NAVR Navarre Corp /mn/ Willis Richard President, CEO 2,000 Purchase at $1.73 $3,452
Jun 20 2012 MJun 20 2012 NAVR Navarre Corp /mn/ Willis Richard President, CEO 5,000 Purchase at $1.50 $7,499
Jun 12 2012 MJun 12 2012 NAVR Navarre Corp /mn/ Willis Richard President, CEO 5,000 Purchase at $1.48 $7,384
May 29 2012 MMay 29 2012 NAVR Navarre Corp /mn/ Willis Richard President, CEO 10,000 Purchase at $1.53 $15,304
Feb 6 2012 Feb 6 2012 NAVR Navarre Corp /mn/ Willis Richard President, CEO 20,000 Purchase at $1.56 $31,170
Dec 13 2011 Dec 12 2011 NAVR Navarre Corp /mn/ Willis Richard President, CEO 5,906 Purchase at $1.65 $9,725
Dec 12 2011 MDec 8 2011 NAVR Navarre Corp /mn/ Willis Richard President, CEO 19,094 Purchase at $1.65 $31,466
Nov 9 2011 Nov 8 2011 NAVR Navarre Corp /mn/ Willis Richard President, CEO 15,700 Purchase at $1.75 $27,475
Nov 8 2011 Nov 7 2011 NAVR Navarre Corp /mn/ Willis Richard President, CEO 34,000 Purchase at $1.72 $58,480
Nov 4 2011 Nov 3 2011 NAVR Navarre Corp /mn/ Willis Richard President, CEO 175,600 Purchase at $1.52 $266,912
Aug 9 2011 Aug 8 2011 NAVR Navarre Corp /mn/ Willis Richard Director 35,000 Purchase at $1.82 $63,840
Jun 20 2011 Jun 17 2011 NAVR Navarre Corp /mn/ Willis Richard Director 15,000 Purchase at $1.78 $26,700
I didnt see any 144s filed. Just the form 4s showing minor sales relative to their total positions including options.
While ideally, Id like to see no insider selling, the amount RCKY has had after such a run over the years is nothing to worrry about.
Worry about weather, worry about possible weak consumer spending, they both mean FAR, FAR more than the minor insider sales here.
Bottom line is you sold out at $4 and missed out on a 300+% move.
Nothing but sour grapes coming from you.
Ditto with ZLC but at least you arent bashing that one because you were wrong.
You continue to be wrong.
But go ahead & throw more money away.
Its so much more fun than doing nothing, right ?
Common Stock, stated value $.50 09/03/2013 P 4,190 A $ 420.5356 14,263 D
Common Stock, stated value $.50 09/04/2013 P 2,050 A $ 419.3102 16,313 D
Common Stock, stated value $.50 09/05/2013 P 905 A $ 419.8956 17,218 D
This is contractually called for....he has to buy shares with 30% of his bonus and he has each year.
(This is the 3rd year) This year, I think his bonus maxed out at $10 million.
Lyle pretty much said he was going to distribute some cash and Im ok with that rather than him possibly blowing the $ on some risky venture as he has been known to do.
LACO has no immediate need for all that cash and Lyle is 70, perhaps he want cash too ?
I dont believe our LACO dividend is going to be subject to ordinary income taxes. I believe it would be a qualified dividend with the same tax rate as long term capital gains. (For those that have owned the stock for at least a year) And it might even be able to be distributed as a "return of capital".
Distributions that qualify as a return of capital are not dividends. A return of capital is a return of some or all of your investment in the stock of the company. A return of capital reduces the basis of your stock. (From the IRS)
Finally, they could opt for some kind of a dutch tender offer although Lyle mentioned a dividend.
Im also ok with a regular dividend because I think it would help the stock valuation even if its just a little, its better than nothing. Right now, like it or not, LACO trades at a DISCOUNT for what they might do with their cash. Distributing most of it to shareholders would be a good thing since they clearly dont have any
"no risk, high reward" type ventures to invest in.
Since 2003, certain dividends known as qualified dividends have been subject to the same tax rates as long-term capital gains, which are lower than rates for ordinary income.
Qualified dividends are generally dividends from shares in domestic corporations and certain qualified foreign corporations which you have held for at least a specified minimum period of time, known as a holding period. Another requirement is that the shares be unhedged; that is, there were no puts, calls, or short sales associated with the shares during the holding period.
They had a private placement of preferred shares. Confusing to say the least but the stock keeps going up so I will take it.
Answers are in their SEC filings but its LONG & complicated materal.
Ive been investing for about 30 years. Owned hundreds of stocks. Klingle is the worst of the worst and he doesnt care.
The entire board of directors needs to be sued. Amazing that it hasn't happened yet.
There is nothing I could post here that would be any more damning than her own resume. And the market agrees as no matter who TUES hires & fires after her, the stock keeps going up. Simply because she is gone !
There was no intent to harm. There was intent to mock & intent to ridicule.
I wanted her ousted for at least 5 years based on her track record.
And of course her "lawsuit" is nothing but garbage and hopefully the court sees thru it and requires Mason to pay TUES legal expenses.
Next years estimate is $1.06 per yahoo.
A 10 multiple on that = $10.60. Or a 28.5% loss for a short.
A 12 multiple=54% loss.
The math just doesnt work for shorting.
I think he and Ackman both make great points.
The bottom line is HLF has been proven to be a pyramid scheme. The only question now is exactly when & how will the FTC act ?
How can they justify sitting on their hands the last 10 years and just now acting when Ackman did their work for them and laid it out on a silver platter ?
I think the world would be a LOT better place with SEVERE restrictions on all kinds of MLM.
Id love to short it but Im scared.
Just ignored 2 of the responders. HLF has been proven to be a pyramid scheme. Ackman went over & above proving it. I just think the FTC doing something now just makes them look incompetent for the last 10 years. So they might want to delay it.
Oh and Im not short anything. So there goes the ignored idiots entire theory.