Within 90 days of insolvency is just a joke.
And they don't even touch on his HUGE bonus money without shareholder approval.
I was only planning on voting for 2-3 of the new guys but I might just vote for their entire ticket.
Not because I want them all but because of the deception on BHs part.
Hallmark is well positioned with a good platform, talented employees and a strong balance sheet to profitably grow into a consistently high-performing specialty insurance group."
Mark E. Schwarz, Executive Chairman of Hallmark, stated, "Book value per share was $13.11 at the end of fiscal 2014
Talks cheap and he doesn't even own a single share. But I do think we have a reasonable chance of going over $30.
(Assuming the market doesn't tank)
Rocky also remains undervalued through several metrics that investors tend to rely on: the company's trailing P/E of 16.9x is below the 24.0x industry average, while the forward P/E of 13.4x is also below the industry average. Rocky's price-to-sales multiple of 0.6x is 71% lower than the industry average and the price-to-cash flow multiple of 9.9x is well below the 18.6x industry average. Adding the fundamentals reveal that the company is undervalued by 66% (see table above). Therefore, Rocky holds a buy rating.
My broker puts the shares in a placeholder account.until they are returned. Which wasn't as of today.
My guess is we might see more selling pressure as people liquidate their stub positions.
But intermediate to longer term, increased earnings should take us higher.
Lead Director buys 25 shares.
03/18/2015 P 25 A $ 421.02 385
But they still only have 2%. It would be a chore to win without board approval.
I wonder where the 2 sides are ? HNH is probably arguing $11.50 and JPST wont take less than $12.50.
Both sides could easily get a fairness opinion for either price.
Fairness opinions are for sale.
Handy & Harman Ltd. Extends Tender Offer for Shares of JPS Industries, Inc. until April 3, 2015, Due to Continuing Discussions with the CompanyThe Previously Announced Discussions between the Company and Handy & Harman Regarding a Potential Negotiated Transaction Are Still Ongoing and This Extension is Intended to Facilitate Those Discussions.
I meant you "Cant" vote them all in. But a couple of them might send a message.
The current board appears unwilling to listen to shareholders.
And Sardar might be better off doing away with his bonus over $10 million. Just from the stock value increase.
Hopefully, the proxy advisory firms will come down hard on BH.
No reason to name the stores after himself. No reason for over $10 million a year in bonus money.
Nobody is voting for the new guys as much as they are voting against the status quo.
That said, you can vote them in just because the current board is incompetent.
But you can darn vote for 2-3 of them to send a message.
Get the biglari name off the eateries. Limit compensation to $10 million per year combined, stop the annual rights offerings.
I find it amazing that a BRAND NEW poster to yahoo comes on here just to say that.
I am & was well aware of his sale as was anyone else who read the documents.
2 other directors sold ALL their stock.
Whats your point ?
Its fairly common for stocks to continue to go higher after insider sales.
03/13/2015 S 1,990 D $ 21.5 20,807
This guy, interestingly, last bought 3000 shares at $14.79 exactly 2 years prior...on 3/13/13.
After selling 9000 on 2/17/11 at $13.93.
The 9000 shares he bought in 2007 and 2008 at $4.99-6.99
Yahoos insider transaction data for RCKY seems broken as none of these sales show up. But they do on other sites.
237,503 includes 57,500 options and 20,000 shares of unvested restricted stock.
Given how long he has worked there and all his current & future options, its not excessive.
After proration, he sold about 35%.
Peter, on the other hand, sold all of his. Or 84% or whatever.
The pro-forma figures take the cost of debt into consideration. And they were in the supplement to the offering document.
But you're right on book value, It goes down.
But return on equity goes way up.
Rates aren't going to skyrocket so they will be manageable.
And if rates increase, maybe there will be fewer competitors.
they do not really understand the business ?
Three DCs could help in the long run but in the short term it could hurt a little.
If they are shipping to every store every week, having closer DCs could reduce transportation costs.
They discussed this in the last call I believe.
Of course, this all assumes its a real company and clearly its just an elaborate hoax.
People who tendered have not gotten any of their shares back yet. So when they do, particularly those that sold we could see more selling.
But, LAST years pro-forma EPS were $1.92 and the 9 months so far this year are $1.48.
If we can command a 10 multiple and earn in the $1.80-2.00 per share range, we could easily see $18-20.
A multiple of 12= $21.60-24.00.
But, whats the correct multiple for NICK given the muchco competition in their field right now ?