My objective was to sell the shares in my taxable account and buy them in my IRA so that I could take the taxable gain this year and so future record keeping will be easier. Multiple distributions as I expect from FUR next year tend to complicate tax returns.
Anyway, right after buying at $17.54, I attempted to sell at $17.55 and then $17.54 but then the stock went down and closed around $17.49-17.50.
So I put a limit order in to sell at $17.74. And that filled a few minutes after the open today.
So it worked out well. I bought back the same number of shares that I sold so my position remains unchanged.
I am looking for a total return here of $19.69 which is the midpoint of $18.35 and $21.03.
So we have about 10.8% upside just using the $19.69 midpoint.
We have 18.3% upside if we end up with $21.03.
However, it could take 2 years or so to get all of our money. (Although we get back $2.25 on Jan 15th)
I think FUR would be trading higher if not for index rebalancing where all index funds sold or will be selling FUR since its no longer suitable for REIT indexes & so forth.
And hopefully, FUR is back in the market buying back common shares as that would just increase our eventual total return.
PAYMENT RECEIVED BY FOR 194 - COMPLAINT OR OTHER 1ST PAPER IN THE AMOUNT OF 435.00,
Ask yourself if a reputable company would be doing this !
BLGO, Calvert and Joey boy will NOT censor, intimidate or silence me.
In fact, I will make it my lifes work to expose this company for what it is !
A strategic lawsuit against public participation (SLAPP) is a lawsuit that is intended to censor, intimidate, and silence critics by burdening them with the cost of a legal defense until they abandon their criticism or opposition.
The typical SLAPP plaintiff does not normally expect to win the lawsuit. The plaintiff's goals are accomplished if the defendant succumbs to fear, intimidation, mounting legal costs or simple exhaustion and abandons the criticism. In some cases, repeated frivolous litigation against a defendant may raise the cost of directors and officers liability insurance for that party, interfering with an organization's ability to operate. A SLAPP may also intimidate others from participating in the debate
Can Calvert really afford to playing around with a SLAPP
He will NOT scare me away. So all he is doing is wasting shareholder money. But then, he has been doing that for 12+ years and GAAP losses of over $64 million.
The TRUTH is on my side. I am better capitalized and I have more willpower. I will continue to expose this company for what it is as long as they continue to mislead people.
I think he belongs in prison with his mentor Mark Roy Anderson.
Avg Vol (3m):
I feel for the poor scammers, really I do.
Perhaps they should be selling Vemma or Herbalife.
They are stocks his opponent has been buying.
Lion has also been buying BH shares which would help in any vote.
conditioned upon a minimum of $50.0 million of the Company's outstanding Common shares being tendered.
Ralph Finkenbrink, the Company's President and Chief Executive Officer, has advised the Company that he expects to participate in the tender offer.
And we can presume Peter will sell most if not all of his.
GAAP losses of over $64 million.
Nuway oil & gas=Belly up.
Nuway Medical=Belly up
Beep for free=Belly up
Guy needs to be kicked off the board.
Form 4 SPECIAL DIVERSIFIED OPPO For: Dec 17 Filed by: van den Broek Richard
Common 35,630 D
Common 12/17/2014 S 20,000 D $ 1.11 180,000 I By HSMR Advisors, LLC. (1)
Common 12/18/2014 S 50,000 D $ 1.12 130,000 I By HSMR Advisors, LLC. (1)
Problem is one cant known in advance when dips are dips. Plus, its not cost effective commission wise to buy small amounts.
Biglari is spending a lot of money bidding on the other 2 stocks.
Is this rational or is this an out of control ego ?
Well, the old CFO was apparently working out of Florida. An out of town CFO doesn't inspire confidence.
But I don't think we can presume the change is positive.
Klingle has 100% control. Paying a premium to buy out everyone else makes no sense.
Indeed, he can sell his control stake to someone else at a premium if he wanted.
Our best bet is to wait for him to die and hope the company is sold then. But even then, why wouldn't his widow just sell her control stake at a premium and leave the rest of us where we are ?
NAV or book value isn't really relevant. LOAN is trading on its dividend.
I get about $2.51 per share diluted at the end of the 3rd quarter.
Using $13.883 million divided by 5527 diluted shares.
It might be slightly less because the share count may not reflect the entire offering.
I guess Im more qualified to be their IR firm than the firms they are paying. lol
(LOAN) announced today that its board of directors declared a $0.08 quarterly dividend instead of the $0.07 quarterly dividend that was previously declared. The dividend will be paid to all shareholders of record on January 10, 2015 with pay date on January 15, 2015.
The board has not changed the $0.07 quarterly dividend that is set for April of 2015
Kicking myself for not buying more below $2.50. Was thinking it might test $2.
If we presume they will go to 8 cents, its still a 9.17% yield at $3.49.
Nice to see this stock attracting yield buyers.
Analyst Wilkes Graham commented, "The Board announced a voluntary liquidation in April 2014 which was approved by shareholders on August 5, 2014 allowing for a 2-year liquidation period. The company's detailed asset-level disclosures provide for a solid basis from which to estimate future liquidation proceeds. We arrive at a Liquidation NAV of $21.03 compared to the company's recent estimate of $18.35. The most critical asset in our NAV is 20 Times Square, the company's $1B hotel/retail development in NYC. In this report, we lay out in detail the assumptions in our Liquidation NAV model and note that the longer FUR waits to sell its interests in assets in which we ascribe NAV upside, the greater the potential returns for shareholders along the way. Further, management, led by Michael Ashner of previous liquidations lore, could sell the company at any point, thereby accelerating returns."