That fund has put many millions into TUES and you think they did that on a whim ?
I think they invested with this CEO before and have had off the record conversations about the upside here.
Not "inside" information but just talk about the potential here.
Potential that has went untapped because of an incompetent boob named Mason.
The upside is mid $30s which is another $15 points higher. The downside is what ? Maybe $6-8 points ?
Im not betting the farm here but you've been wrong for so long now you are sounding like a broken record.
They couldn't have done it. The way they are doing it is probably the best way for them to do it because the idiot longs just dismiss it.
I got a mailer recently featuring them. My concern is price to value. Not sure 2 of the subway things are bigger than a Sams Club or Costco slice for $1.99.
But, its like Ive been saying for 18+ months now, nothing "fast casual" pizza has cannot be easily duplicated.
So it would seem to me to be a fast growing fad. One that's going to leave a lot of operators out of luck when the fad dies. Of course, the fad could last 3-4-5 years. Hard to say.
Nothing about PZZI impresses me though.
Certainly not the many brand new posters coming out of air to tout the stock., (While they secretly short it maybe ?)
It seems someone likes the Maxim buy. Or thinks a cash out of CBRL might be in the works.
But CBRL is not up.
Would they pay roughly market & buy BHs entire stake ? That would really help BH but it would saddle CBRL with debt.
Well, I followed Becker Drapkin in here, only makes sense that I sell some when they do. At a nice profit I might add.
Did the same with PXLW but sold too soon there. But these were both stocks I knew nothing about and wouldn't have bought on my own.
Calling it a pos is emotional, not rational.
They need more traffic and they need larger avg checks but I think both will come in time.
Next year when they report x-mas results, they should and likely will show significant improvement and if they don't by then, then clearly the stock has gotten ahead of itself.
The company is not going to fail, their balance sheet is way to strong for that. They are either going to fix it and grow it or sell it if they cant fix it. They wont get $16 or more unless they fix it though.
So the market is clearly expecting results going forward.
The stores have better merchandise & less aged "junk". Their new system is to move the merchandise, hopefully at regular price but if not, mark it down & sell it to make room for something else.
It takes time to earn old customers back & gain new customers but I think they can get there.
But, what do I know, I sold out of PXLW because Becker Drapkin sold a bunch and today its up 83%.
I more than doubled my money but left a lot on the table.
Sales weak again.....and it doesn't sound massive closures anytime soon.
I figure they have like $4+ per share in cash. Sure seems like they ought to pay out more than 50 cents.
I guess I would have been better off tendering way back when.
He sold 3/05/2014 S 9,000 D $ 12.96 = 42,793
GC and Corporate Secretary
Well, they ousted the Steak N Shake managers when they got control !
Shouldnt there be an 8k out saying how much they paid for it ?
Maybe not. Even if they paid $30 million, its less than 4% of their shareholders equity so not a huge deal.
I guess we wont know until the next shareholders letter his plans.
Its a shame they cant/wont record the annual meeting for those that cant travel to NYC every year.
Sharing information ? Seriously ? Message boards are for spammers & mentally ill folks like Jose.
Actual shareholders & prospective shareholders dont waste their time. Except a few of us.
Im glad LACO is finally prospering. been a LONG wait this time around.
This board is a wasteland with many childish posters ignored. How can yahoo even allow these offensive usernames about sucking things ?
My buys were from $1.48-1.61 9/30/11 thru 12/27/11.
Sold some prior at $3.49, $4.43 and today at $4.49.
Becker Drapkins lightening up is the reason I sold more today.
I still retain roughly 60% of my original position in number of shares.
I own SDOI because Becker Drapkin owns a boatload and continues to buy.
Any of the few unignored,rational posters feel free to comment.
Yeah, I also followed them into NAVR at much lower prices.
I lightened up back in Dec at $4.43 and then more today at $4.49.
My cost basis is dirt cheap....$1.49-1.67.
I have a buy order for EMKR around $4.50 as I don't want to chase it.
I just hope something happens with SDOI fairly soon. He hired a president although it doesn't say how much we are paying him.
I remain hopeful with a very small position in TUES that the new mgmt. can turn that company around and get the stock a lot higher based on what they did at Michaels. But, I did lighten up a lot because of the run up also.
Any other BD stocks that you know of ?
Golden Gate would certainly want more too. But they had to vote for the $21 to secure it.
My concern is SIG is in the drivers seat in that they can simply match any other offer. And the others know that so how serious will they be in making a higher offer knowing they wont win in the end ?
Alpha Media Group Inc. put Maxim up for sale a year ago. The publication has struggled, with ad dollars dropping 28 percent last year to $80.7 million, bucking a 1 percent gain for consumer magazines overall, said the Association of Magazine Media
I guess, if anything, they can get discounted Steak N Shake ads.
Wonder how much they are paying.
I used to get that magazine when I was younger, Were free subscriptions always available but I just quit getting them because I didnt read them. Who needs very softcore porn pictures ?
Still here. Hadnt noticed it was back down to $1. Mgmt doesn't seem to be in any big hurry to do anything.
Will be interesting to see if insiders buy more now that its down again. I expect its going to be 6+ months from the last insider buy if anything extra ordinary does happen and they last bought in Sept.
Value investors don’t know what will come next. They buy at a bargain and wait. That's it.
The case for holding is rates are low and the money earned in a CD wouldn't be much.
You just haven't been paying attention. Gross margins are PLANNED to be lower so that they don't stock 3 year old merchandise waiting for it to sell.
However, they will improve over time as they improve things.
The biz model isn't what it used to be, you can say that again. Clearly, stocking 3 year old dead merchandise wasn't working for them.
They have opportunities with larger stores & better locations.
$1.50 with a growth twist and low rates could put it above $30 in a few years.
Im rooting for them. You are rooting against them.
But yeah, if the market crashes, TUES will go down with everything else.