HLF agrees to handcuff the lies & misrepresentations their sellers use and in exchange, the FTC doesn't shutter this scam of a company.
Then let the rest of the world get duped.
That's what I hate...the information disadvantage that all of us that don't drop everything & fly to NYC once a year.
To me, it should require an 8k with a transcript of the meeting or an audio replay at least.
Down to $21.00 from a $21.97 high
I saw that and thought I posted it. Its pretty darn shameful what he is doing to us. Like 10+ million a year isn't enough for him.
Disappointed that the senior citizens making up the board pretty much rubber stamp anything he wants to do just like the old board rubber stamped whatever the prior CEO wanted to do.
Im still long but ticked off about his end-around deception.
But, at the time time, he isn't sucking out millions via options & grants that happens elsewhere so he might even be cheaper in the long run.
I think I read a couple of directors did. They wont buy the stock but they buy the PP. And what exactly is the deal with that anyway ?
Seems to be a nicer, less cluttered store and they are trying to use endcaps better/more sensibly.
They still have the entire back wall & then some of clearance and they are code marked with a colored sticker,
Everything I saw was 20% off and none of the stuff had the marked down price on it. But they supposedly also have 40,60 & 80% off too. Or they can.
I actually bought a little hand weeder but when I got home & check the reviews, 4 of them,all bad, Im going to return it unused. It looks sturdy enough but doesnt hold up.
They had a good amount of cat & dog beds but they really were not competively priced. Their cheapest one was not much nicer than the one I just paid $5.88 for at walmart and TUES wanted $12.99.
Manager wasnt there so I didnt talk to him.
They did have a part time help wanted sign on the front window and the long neglected shopping center its in had a supermarket open back up and TUES is getting an outside facelift along with the rest of the small center which really was long overdue.
The uppitdy city that its in bought the property after it was leased to a thrift store so they spent millions to keep a thrift store out and then I guess sold it at a loss now that the thrift store isnt there. They are getting sued by a gym because they gave tax credits to a gym to move in there while giving the one accross the street nothing.
The floors which I complained about in the past still look poor. Scratches, dirty and no polish at all. The sweep the floor but they dont mop it from what I can tell.
Amazon said I was buying it direct from Gateway/Acer and it was sent from Indiana but the the sheet of paper says its from Liquidity Services or an authorized reseller.
I havent set it up yet but Im hopeful I got a good deal. I got about 40% off the cheapest price for a new one.
Not an intel but processor speed is not my issue, memory is. An Intel would have been $100 more.
And I can supposedly double the memory if I want.
Gateway DX4380-UR22 Desktop (Black
•A-Series A8-6500 Processor 3.2 GHz(4 MB cache)
•8 GB DDR3 RAM
•1 TB 7200 rpm Hard Drive
...see form 4
Common Stock, stated value $.50 03/24/2014 P 4,500 A $ 495.0441 23,976 D
Common Stock, stated value $.50 03/25/2014 P 836 A $ 500.7249 24,812 D
Common Stock, stated value $.50 03/26/2014 P 740 A $ 501.9289 25,552 D
I guess I should have sold it all. Down to $12.50.
If it pulls back to $10, I might look to buy back.
Ive always said that TUES would pull back faster than the averages if the market goes down. And it did.
I had a lot of red yesterday & today with everything, not just TUES.
But, thats part of it. I hope it doesnt turn into a 20-30% market decline but if it does, it would be a good time for me to deploy all this cash Ive been sitting on.
I would wager that the vast majority of their stores do very little sales after 7 Mon-thursday.
Im sure the new registers can tell them when what stores are doing how much sales and I can assure you that enough stores are doing enough business after 6pm, they will consider keeping some stores open longer.
It hasnt changed hands. Same Chairman & President for the last 14 years. The CFO did quit or get ousted recently.
This is my 2nd time owning it. First time was 13 years or so ago. I sold too soon the first time as it went to near $15 but I sold out at $5-6. Paid about $3 both times.
But they have committed to the new format although they have slowed down from their original intent. They aren't buying out old leases anymore and have several times slowed down on how fast they were switching over. I thought their original plans were too
aggressive anyway. But, I really don't follow it that closely.
Seems wasteful to fly all those do-nothing directors to DC.
The company cant afford to buy his block without borrowing heavily and they cant borrow heavily because they advised against it when he was looking for the $20 dividend.
But todays PR tells us that Biglari ASKED them to do a repurchase with debt and he might sell his entire stake.
So he is signaling that he was open to an offer.
The amount both sides are spending is peanuts compared to the marketcap of the company.
I own BH but not CBRL. So Id like it if the vote favors a searching for a buyer. I hope that the stock might bring $115-125+ if it were put on the block. But I dont want biglari to get it, I want him to cash out because I think he can do better elsewhere.
If the prior deal was $28, why would you think BH could get it for 10-12 ?
Was the seller desparate or what ?
I mean, Ive bought cars only to find out the odometer was broken so I give it back to the auction and they re-run it and it brings almost as much as when the miles were supposedly accurate.
Like 90-95% as much on old, cheap cars which is what I used to deal with.
His meeting will be interesting in what he has to say about both the magazine and the insurance company.
But, most of us wont be there so we have to rely on passed down info.