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Trans World Entertainment Corporation Message Board

smaycs4 205 posts  |  Last Activity: 15 hours ago Member since: Oct 14, 2011
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  • smaycs4 by smaycs4 Apr 14, 2014 11:01 AM Flag

    “Perhaps more importantly, we believe there is considerable cause to doubt the intentions of the Dissident, an entity which has continued to submit very fluid arguments, flatly ignore resounding defeats and harshly lament Cracker Barrel's performance and strategy despite the fact that the Company has generated twice as much value for shareholders as Biglari has been able to generate for its own investors.”

  • Chance of winning 50% of the vote near zero.

    Yet both BH & CBRL are up today. BH+ 2.43&, CBRL +1.74%.

  • Ollie’s Bargain Outlet is one of America’s largest retailers of closeouts, excess inventory, and salvage merchandise. Our 160 “semi-lovely” stores sell merchandise of all descriptions and some beyond description.

    You’ll find lots of famous brand name goods in every department, like housewares from Rubbermaid, Mirro, Ekco, and Anchor Hocking, toys from Mattel, or sporting goods from Igloo. Ollie’s buyers scour the world looking for closeouts, overstocks, package changes, manufacturer refurbs, and irregulars.

    Much of the merchandise comes direct from the finest manufacturers in the country and abroad. For instance, if a manufacturer makes too much of an item, or changes their packaging — Ollie’s will buy the discontinued or overstock items. So you will always find famous brand name products at Ollie’s...but it could be last year’s color or pattern that traditional retailers won’t sell.

    We also work with insurance companies to buy salvage merchandise. If a store in your neighborhood has a fire, Ollie’s may purchase the inventory and put it in our stores at drastically reduced prices! Yes there may be a little smoke on the stuff, but it’ll be so cheap that you won’t mind!

    Ollie’s has also liquidated major retail centers, working very closely with financial institutions. When companies liquidate, the bank will often dispose of the remaining inventory and turn it in to cash. Ollie’s brings the goods back to our stores, or runs the liquidation sale on site.

    Folks, everything you buy at Ollie’s is covered by our 30-day “No Hard Time” Guarantee. If for any reason you are not completely satisfied with your purchase — return it within 30 days for a full refund (with sales receipt).

    They are opening soon way on the other side of Bham. So I wont be going anytime soon.

  • Reply to

    Ollie’s Bargain Outlet

    by smaycs4 Apr 15, 2014 12:58 PM
    smaycs4 smaycs4 Apr 16, 2014 7:03 PM Flag

    ADAMSVILLE, Alabama – Ollie’s Bargain Outlet, the latest discount retailer to enter Alabama and the Birmingham market, will hold a grand opening Thursday.

    Ollie’s has built its business by selling brand closeouts at discounted prices in departments like books, food, housewares, toys, electronics, clothing, furniture, flooring and seasonal items.

    The Adamsville Ollie’s Bargain Outlet will be on Veterans Memorial Drive in the former Big Lots.

  • Now its $45.82.

    Interesting how I was less confident as the price was dropping but still knew I had to buy more.

    Ive also been reinvesting dividends along the way except I missed the first one.

    First bought on 1/28/13 then bought 125% at $40.51 on 10/4/13.

    And reinvested 3 dividends along the way.

    So far, so good for my first utility. Always used to swing for the fences but haven't been doing that lately and
    keep sitting on more & more cash from prior harvesting of other stocks.

    I expect I will hold this for a very long time.

    Where else can you get this kind of dividend with this kind of reliability for so long ?

    Just wish they would stop having cost overruns.

  • but, should I be buying more at current prices ?

  • Reply to

    The seller

    by jxenge Apr 17, 2014 2:12 PM
    smaycs4 smaycs4 Apr 17, 2014 4:31 PM Flag

    I thought they were already out ?

  • Im holding....hoping for a lot more than 79 cents.

  • Not looking good for BH.

    What will happen next ? Will they slowly start selling into the market ?

    I suspect the market would accept a certain amount of shares but of course it may cause others to sell too bringing the price down.

    I guess he could be on the lookout for block buyers and only sell when a decent sized buyer is willing.

    Of course, he could do nothing & hold on waiting for higher prices.

    Im just not sure how much upside it has from here.

  • expect a loss. No better than 35% for, 65% against. Probably less,

  • Reply to

    The seller

    by jxenge Apr 17, 2014 2:12 PM
    smaycs4 smaycs4 Apr 21, 2014 3:59 AM Flag

    Yeah, they are under 5% at 3.5% so they no longer have to report unless they go above 5% again.

    Or maybe they do if they still have a board seat ?

    Do they still have a board seat ?

    I compute an average cost of $1.957 on their remaining shares per the 13d.

  • Reply to

    RBC Downgrade Today

    by vincent90157 Apr 17, 2014 12:59 PM
    smaycs4 smaycs4 Apr 21, 2014 4:06 AM Flag

    Wonder if they have other utilities on buy ?

  • SCOTTSDALE, Ariz., 4/18, 2014 -- Star Buffet, Inc. was informed yesterday that the JCRS Shopping Center (the center where Casa Bonita-Denver operates) has been sold to BSV Lamont JCRS, LLC. ("BSV Lamont"). Prior to the sale of the JCRS Shopping Center, Casa Bonita-Denver had been operating on a month-to-month lease. Unfortunately, as of yet, management has not received a lease renewal proposal from BSV Lamont that permits Casa Bonita-Denver to continue to operate profitably. BSV Lamont did agree, however, to provide Casa Bonita-Denver a short-term extension so that lease negotiations can continue. Hopefully, the two parties will be able to reach an accord that will allow Casa Bonita-Denver, which recently celebrated its 40th anniversary, to operate in Lakewood, Colorado for many years to come.

    Casa Bonita-Denver has historically operated on a profitable basis. Projected cashflows from Casa Bonita-Denver's continued operations were an integral element of the company's Recapitalization Plan (the "Plan") approved in late 2012. However, at this point, if Casa Bonita-Denver is forced to close at the end of the short-term lease extension, management believes that it will still be able to fulfill all Plan commitments. Additionally, once commitments to Plan participants are met, management forecasts that the company will remain profitable, regardless of the outcome of the Casa Bonita-Denver lease negotiations.

  • Brand new moniker, same ole BS.

  • Bought 38,400 total from 4/17-4/21 $8.10 & 8.11 avg.
    About $311k worth.

  • This marks 266 consecutive quarters – dating back to 1948 – that SO will have paid a dividend to its shareholders.

    Pretty darn impressive.

  • Tuesday Morning Corp(TUES) and its former chief executive settled a discrimination lawsuit that alleged she was fired after developing breast cancer. Kathleen Mason, the head of the home-furnishings closeout retailer, was ousted in June 2012 after a 12-year run during which the company's stock fell nearly 60 percent.

    Ms. Mason dropped her suit because the dispute "has been settled amicably," she said in a court filing on Thursday. Following mediation, both sides reached their settlement on March 31, mediator Michael P. Metcalf said in a separate filing.

    Terms of the settlement weren't disclosed.

    "We are pleased to have amicably resolved this matter with Ms. Mason and wish her well in her future endeavors," a company spokeswoman said in an email.
    I hope she CHOKES on her extra money. I wouldn't have paid her a dime.

  • Would have thought that was important. No ?

    General Manager- Home Decorators Collection

    The Home Depot

    Public Company; 10,001+ employees; HD; Retail industry

    August 2009 – Present (4 years 9 months)

    SVP Merchandising

    Smith and Hawken

    Public Company; 201-500 employees; Retail industry

    April 2007 – May 2009 (2 years 2 months)

    Merchandise Manager-Lawn and Garden


    Public Company; 10,001+ employees; WMT; Retail industry

    1998 – 2007 (9 years)

    Merchandise Manager

    Wal-Mart Stores, Inc.

    Public Company; 10,001+ employees; WMT; Retail industry

    1998 – 2007 (9 years)

    Merchandise Manager

    Wal-Mart Stores, Inc.

    Public Company; 10,001+ employees; WMT; Retail industry

    1998 – 2007 (9 years)

  • Reply to

    Conference Call?

    by rileywkr Apr 22, 2014 8:08 PM
    smaycs4 smaycs4 Apr 23, 2014 4:19 AM Flag

    Transcript still not up.

    12-18% makes no sense whatsoever particularly given the high ebitda figures they are throwing around.
    Sounds like nobody believes that company is worth more than the marketcap.(excluding titanics discounted value)

    How much are these appraisals costing ?

    It seems to me the stocks at 84.5 cents because mgmt. lacks credibility.

    Everybody & their brother knows the assets are for sale. Yet nobody comes knocking except that first potential buyer who was all talk & no cash or credit.

  • Reply to

    Sale of Dania

    by defunct00 Apr 23, 2014 9:52 AM
    smaycs4 smaycs4 Apr 23, 2014 11:41 AM Flag

    Love the way he hides the fact that he quickly lost $4 million but then boasts about getting $2.5 back.

    We would have been better off by $1.5 million by him doing nothing.

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