FACT: Dennis Calverts 12 years of value destruction caused $64.53 million in losses.
And shareholders have lost at least 95%.
Its their job to tout this scam stock.
They get paid with shares of stock.
Its been happening for 12 years now.
They are breaking the law by not disclosing their payments but that's what criminals do, they break the law.
Ah Trolls, is it peaceful in the murk under the bridge?
I seem to recall you making the case for shorting TUES at about $13 and TA at about $8.
I argued that both would likely go higher if the market did.
The market and both stocks did go higher.
Conclusion: Shorting costs you money in a bull market.
Wonder why none of the longs will comment on his long term, 12 year record of value destruction ?
Both the stock price has tanked and GAAP accounting showed a $64+million cumulative loss under his watch.
BLGOs primary business in the past 12 years has been selling shares of stock.
I see no reason why that wont change in the next 10 years. Unless the SEC grows a set and halts trading and throws Calvert in prison where he belongs.
No insight into ORLY.
There are 2 I know about in my area. One, Id have to drive by and advance and an autozone and a napa to get too. The other would have been close to where I used to live but they built it after I moved.
I think I used Autozone for parts most of the time because they were first and closest to where I lived and where my mechanics lived.
PBY just had the 2 tires/oil change stores near me and now one closed. The other isn't really that close. So I will probably use firestone for future oil changes. But, I don't drive much so I only rarely get oil changes. Maybe every 12-18 months.
Not showing on yahoo yet.
BRYANT went from buying last year at higher prices to selling this year, I think at below $3.
I think it was 40,000 shares total but cant recall for sure and I cant open active trader on this old laptop.
The rights have value over & above what the ones on the open market sell for.
Holders who exercise can oversubscribe. Those who buy the rights or the stock cannot.
But again, if the rights are worthless why are they trading for $25 or whatever ?
They had sent a number of offers including $10 oil changes and free gift cards to the first so many customers. Now they say its for one store.
Dear Valued Customers,
We are celebrating a Grand Opening in our Charlotte, NC stores this weekend and unfortunately, the informative email about the event was sent to customers outside that area. Those offers are only valid as a part of our Grand Opening Event at the Charlotte locations. We sincerely apologize for any confusion and would like to offer 15% off any service or retail purchase on your next visit at Pep Boys.
Chief Marketing Officer, Pep Boys
Biglaris buying is not meaningful from a predictive standpoint. He is required to buy so much stock as a % of his bonus every year. And he gets a huge bonus every year.
The directors, on the other hand, don't have any extra incentive so their buys are a little more meaningful but they are, of course, much smaller amounts.
Any stock that pays a large dividend or has a rights offering like this is subject to some wild fluctuations.
I don't think it means much in the long run.
Hopefully, 5 years from now we will be better off than today. We know Biglari will because he gets a $10 million a year bonus.
I presume this was from before yesterdays results. So I expect these will change based on their updated models from yesterdays call & guidance.
Id say anything less than 80 cents would be a disappointment given the stock is $18.64 as I type this.
The average is 68 cents. Low was 46 cents.
Avg. Estimate -0.11 0.53 0.39 0.68
No. of Analysts 2.00 2.00 5.00 4.00
Low Estimate -0.17 0.50 0.34 0.46
High Estimate -0.05 0.55 0.43 0.91
Interestingly, I had a buy order in at $376 that I just cancelled about a week ago when I knew Id be getting the rights shares.
I sold 4 shares to round a lot out at $446.46. In hindsight, I guess I should have dumped my entire position.
Positive comps and they will continue. He did exactly what he said he was going to do and as the stock had been predicting for the last year or so.
Now its just a question of what kind of earnings power they have for the new year and going forward.
A bit surprised that the store count is going to go down. But total square footage should remain the same.
There is no evidence that the stock is massively overvalued.
I really don't know what kind of EPS they will earn over the next year.
If its $1+, the stocks fine or going higher. If its 40 cents, its going lower.