Blackrocks buys or sells are meaningless. They don't pick stocks, they buy the market.
As the averages go higher, those mimicking the averages add shares.
There are risks we cant see.
Even if it takes 6 months, we wouldn't be trading at 3.62. Would we ?
We have to assume he broke the news to Baird customers in advance.
And we haven't had all that much selling before or after.
Its difficult for me to see much downside here. But, by god, I have buy orders in to buy if it goes lower.
Ive had some long waits with RCKY in the past but ive always made good money.
I just see no scenario where RCKY falls to 7-8 unless the market just crashes.
The old man left in an unusual way. While he made progress, why leave abruptly without taking credit for his positives ?
Because the plan was for Becker to get it all along and for him to be able to buy back in cheap.
So they have a blowout quarter, the stock rises and Becker profits.
Have to give that scenario a 20-35% chance.
Glad I bought back in at $5.51 and 5.01 but they are going to have to give us some reason for the stock to trade higher. The mindless insider followers who pay up aren't going to want 12-24 months. They will bail if they report a weak quarter and we will test $4.50.
Nor did the share or dollar amount.
From calling over there.
I know BH disclosed it in advance and it seems like others have too.
Maybe because he isn't a 10% holder yet ?
I guess I don't recall seeing the first disclosure of a plan in a form 4 in the past.
BH,interestingly is up about 10% from when I front ran their plan a month ago. But, I didn't buy very much because Biglari has lost the vast majority of my trust.
Its almost as if he purposefully lost as many peoples trust as possible to drive the stock down so he could buy at bargain prices in his hedge fund.
There was junk in both years.
Company Is still solidly profitable but they are writing fewer deals than a year ago.
Looking to combine or close branches but also open a new one in Dallas.
About what I expected. Tough competition, NICK isn't chasing deals. Something is going to have to happen in the subprime space or NICK wont be able to grow like they used to.
Regardless, they are still going to make a lot of money every year so the stock seems cheap at the current $10.43.
Someone was pushing it a few months ago talking about big PE expansion and I didn't see it.
NICK isn't going to command a 12-15 multiple.
But if it just pushes up to 9-10 we could get nice upside.
It was roughly a $90 million deal.
Id like to find out more about why the other party is walking away from $5 million but now we just have to get $85 million to equal the old deal.
was 12,426, then another 3255 thru the 25th=15,681 total.
So we are getting close to his 24,000 limit. Will he increase it or do another one and buy more or stop ?
Currently $373.10. Im wishing I would have bought more back on 12/30 at $335.36. I bought some, just not as much as I would have had I known we would go up 11% in short order.
$420 later this year wouldn't surprise me at all. But another rights offering might hamper that.
I did mine today. Depending on your broker it might be better for you to sell in the open market.
Mine doesn't charge me a fee, Others might charge $35-50 which might mean selling in the open market nets you more than tendering.
I think the deadline is 2/1 or 2/2.
You really think they would put that PR out and then never buyback ANY shares ?
That's highly unlikely given their cash position.
They bought a big chunk of Beckers SDOI shell.
Id be interested in hearing what it says.
Stocks up some but possibly because 2 larger blocks earlier at 5.30-5.35 were possibly Becker again.
Its a reasonable response to McD, BK, Hardees and Wendys all came out with a better value proposition than they had in the recent past. I Went to McDonalds for the first time in about 6 months for the McPick 2.
I used to get 2 mcdoubles probably once a month, then they jacked them to $1.19 and it cut down on my frequency a good bit. Then $1.39 and $1.49 and I quit going altogether.
It will be tough for BH to maintain positive comps in this environment.
I still haven't been even though there are 2 stores on the other side of town.
Discounting is a tough game because it draws incremental traffic from tightwads like me but it also causes people to trade down who were going to buy higher margin items at full price.
The PR says SNS is in the "better burger" category. But is that really true ?
Is a steakburger really a better product than a comparable priced product at the quick service chains ?
I cant imagine its notably better than a quarter or 1/3 pounder at Wendys and certainly below hardees with their made in store buns.
I know very little about the company but it would seem a buyback would give them more bang for their buck than the dividend does. If their book value is anywhere near $12 as yahoo says, buying shares back would be a far better use of capital than the dividend.
Does the dividend even make sense given they are losing money ?
The insider buying is very light and they were buying at $17+ so it doesn't appear to be very meaningful as a prior poster noted.
Companies have come up with these required ownership levels and those plans can cloud the meaningfulness of insider buying.
I more than doubled my money in PBY, I couldn't care less if he loses money on it.
I don't think he will. I DO think he loses on HLF because its a criminal organization.
Need to adjust for his shares bought 1/20.
01/20/2016 P (1) 86,820 A $ 5.0586
Now his total spent is 6,412,054 on 1,244,184 shares=5.1536 avg
"Rocky Brands has a high concentration of customers in oil markets which could impact demand for its products."
That's not news and isn't it already priced in ?