I don't look at it like that. I look at it to how much better SNS shareholders would have been by simply selling BH and buying CBRL or an index fund.
CBRL was a good buy. No question. BH was not.
And interesting how you don't touch on him doing an end run around shareholder wishes to maximize his personal bonus. He makes money off us via both BH and TLF.
Be sure to tell your new friend that you get paid to tout BLGO via free shares.
And tell him your lack of disclosure is a crime too.
I wonder if you are going to sue me too ? Bring it on.
We only need to estimate what next years below market share issue will be at. Pretty sure it will be less than $420. So, Ive decided to tender some at $420 just because this is a stock that requires you to buy more shares every year in order to avoid getting diluted.
So the shares I sell will fund my future below market buys. If that makes any sense.
Problem is, taxes for my taxable account. I have an odd lot in my IRA, (not divisable by 5) which I guess I should just sell the odd shares. But maybe more too ?
I want to defer my gains in my taxable account for another decade or so if I can.
I guess we can hope he kills himself skydiving or driving his sportscars at 150MPH.
but the underperformance of the last 5 years tells the tale.
they don't view us as partners, we are marks to them.
Long term BH shareholders have taken it on the chin the last 5 years but he brags because his $49.1 million in bonuses visa BCC using BH shareholders monies was less than what it would have been for a 2/20 hedge fund.
So he steals $49 million from us and tells us we should feel good because it could have been $59.9 million ?
bartlman12 this post was supposed to be for you.
BLGO is a money pit. You can put money in, you just cant get any out.
Crowd Funding is their next big idea I bet.
Read something about someone taking action regarding cf.
But, FREE DINNER scam stock sales work well too I guess.
I do believe you will lose money. In fact, Id wager on it.
But shareholder monies are being spent on an unwinnable lawsuit against me for having the gall to mention their 13 year history of losing money and changing businesses.
took a 20 page sec filing to say that.
The Company’s Governance, Compensation and Nominating Committee of the board of directors will make a recommendation to the full board concerning the tender offer.
But it could take up to 12-18 months.
I could see it falling back to $11 as the market realizes it might not be a quick sale.
But Im not willing to sell my shares over it because there is more upside than downside.
im aware that control is an issue but he isn't overpaying.
But I might just tender some in my IRA just because its not a round lot but not if the stock goes above $420 and it might by then.
he isn't going to lose control to a bushleague firm like the one that tried last year. I still think gabelli financed their thing. on the hush hush.
its not on a fifo basis, you either tender in time or you don't.
no benefit for early tendering and it can be a negative if you tender early. For example, if the stock goes to $430 and you want to sell in the open market, you cant because you have to call your tender back.
This is a huge attempted insider buy. So its bullish that the stock is worth a good bit over $420. no matter how many are actually tendered.
I don't trust him. but I promise if he is willing to pay 420, its worth a lot more.
Its not easy money. If the stock is oversubscribed, you will only get a partial sell and will be stuck with a stub position. If its massively undersubscribed, the stock could go above $420 fairly quickly.
Selling at $420 is risky. Its worth more. But depending on how many shares are sold, it might tank 40 points.
I hope its just normal insittutional profit taking. I fear someone knows more than the rest of us about sales & earnings for the rest of the year.
Its closer to a buy than a sell for me.