While I had hoped for a higher price, this deal allows us to keep our low tax basis and PSEC pays put monthly dividends in the 11% annually range.
I wonder if they had a higher offer but chose this one because of the tax advantages & high income going forward ?
And, apparently, PSEC avoids double taxation as it passes earnings on to shareholders.
Im inclined to let my remaining position ride for many more years.
This seems like a decent deal from a tax standpoint as instead of booking a gain, I will just get large monthly dividends going forward. Relative to my cost basis. My cost basis on my remaining shares is $1.89.
However, I was hoping for a slightly higher price as NICK went above $17 recently.
(I sold some at $16.99)
I haven't heard anything and I haven't really looked either.
I shop at walmart & ad match publix & winn dixies ads. Publix is the most likely to carry some of the CBRL stuff but I haven't been in there in a month or two.
Not sure the revenue to CBRL is going to be meaningful. But it cant hurt as consumers seeing the products in supermarkets might put CBRL in their minds and it might slightly increase visits. It wont be measurable however.
Did not expect this but I don't think he really wants it, he just wants out.
Both stocks up on the news.
Would a 3rd party really pay a premium for CBRL ? Who ?
Jack Kleinhenz, chief economist for the Nrf, recently said, "There is a lot of competition in retail, and they have very thin margins. There's going to be a sorting among retailers." Rumors around that sorting process may have already started, and this may be what's fueling Tuesday Morning
He is trying to negotiate an exit. He has made a lot of money buyng & agitating CBRL. Now its time to harvest his rewards.
CBRL wants him gone too so he is trying to use that to his advantage.
A 3rd party buyout would be the best case. So maybe CBRL goes looking for a white knight or maybe they can arrange a deal where they buy part of his stake and arrange buyers for the rest.
BH has been trading as if a cash out is coming.
It will be interesting to see what he buys next if he gets his warchest.
Haters gonna hatte.
Funny that most of the haters think they are Christians.
So what ?
Sardar has done very well with most of his investments.
I have huge gains on BH and could have had huge gains in CBRL had I followed him.
best to just put the clowns on ignore.
They dont know what they are doing and are probably just mad at me because I sold out of PZZI after making 5+ times my money.
Ive had them on ignore for many months.
Im not totally thrilled with everything biglari does but I do think/hope he can me me 10-15% annualized over the next 10+ years. And possibly even more. Got to have a long term perspective though because like when he started buying SNS, the market took it WAY down before he got control & took it back up.
My gains came from buying at prices cheaper than biglari did. And I kind of would like to defer my gains for as long as possible.
Biglari does a number of things that are questionable and does things without shareholder approval that he probably shouldnt.
Part of it to increase his bonus I believe because it maxes out on BHs side but not on the other side.
You are right. They should have just hired a shift leader from Burger King to turn the company around.
I continue to have virtually every poster on ignore.
Amazing how some people have such irrational hatred for the man & the stock.
And "swollen testicles" ? How can that even be allowed as a username ?
Which brings me back to my original question. Why so many of the mentally ill who post here want to show everyone how mentally ill they are ?
If you hate the stock short it & shut up. Otherwise, go away.