You seem to have this misguided notion that, because you sold too soon, the entire turnaround didn't really happen and our esteemed CEO with a fantastic long term track has decided to turn Bernie Madoff in his old age and not only that, he brought in his old CFO to be part of the fraud.
Its just nonsense.
The stock may have gotten ahead of itself and it may be overvalued. But its not a scam and from all indications the company has turned around and should be poised for years of consecutive sales & earnings gains.
Its not all a conspiracy because you sold too soon.
That said, I wish I sold all my stock at $21.80.
That's not correct.
$9.57 is just a random number they used to value the company against the new company. Its not a buyout or cashout. Its a reverse merger.
Shareholder will continue to own shares which will be renamed to the new company.
The only way you will get $9.57 is if the stock goes up and you happen to sell at that exact price.
They made it sound good of course. But they didn't take questions.
I guess Im going to hold & see how they do.
Will be interesting to read the proxy on the background & other interest, I saw a filing last night but didn't open it.
And ascribing a value like they did to LACO is kind of silly for a reverse merger. $9.57 really has no relevance for shareholders. Except I guess they needed to try and make it seem like a premium.
Hopefully the new managers wont repeatedly buy things for future write downs.
And I wonder what kind of golden parachute the old guys will get.
There really was no reason not to take calls.
You seem to ignore & dismiss all the good work he has done.
If Mason was still here, they'd be running negative comps in the mid single digits and the outlook would be much worse. Stores would be stockpiling merchandise that might not sell for 2-3 years.
I have not read or listened to the entire call yet but Im glad I sold 1/3 at $21.80 obviously.
I still think this company has a bright future simply because it was mismanaged for a decade.
But, obviously it was not comforting to see it down so much afterhours.
$3.05 was rejected years ago because it was a lowball offer.
So BAMM now tries to offer $2.75.
Where are the ambulance chasers when you need them ?
Earnings out and the market isn't taking it well.
Down over 2 points from the $21.03 close.
SNS is their target customer. Not sure 1st Guard is.
Hopefully he didn't pay full price for those ads, but rather cheap rates for space that might have not been sold otherwise.
He was fired/quit whatever in Nov.
on 1/26 he bought 1200 shares in the open market at $3.30, then the very next day he exercised options for 12,000 at $1.73.
He owns 419,649 shares,
I believe he got $77k in severance.
Only thing unusual is why a former VP would buy any in the open market ?
1200 shares isn't a lot given how many he owns. But why buy at all when he got 12,000 $1.73 shares ?
I wonder if the options required him to buy 10% in the open market first or something ?
Shares covered by this Schedule 13D were acquired by Mr. Miller for investment purposes in the ordinary course of his business as an investor. The purpose of this filing is to state that Mr. Miller has become the beneficial owner of greater than 20% of the Common Stock of the Company.
Except in connection with the matters described in this Item 4 and as contemplated herein, Mr. Miller does not currently have any specific plans or proposals that relate to or would result in any of the actions or events specified in clauses (a) through (j) of Item 4 of Schedule 13D.
I guess going over 20% requires a 13D even if they don't go activist.
No filing yet. Does someone know something ?
My partial sale at $14.92 is looking good right now.
Still, its hard to believe they would have announced this just to abandon it.
Financing shouldn't be a problem.
The only thing that will be transformed is your money is transformed to the scammers pockets.
Just like the true believers of 10-12 years ago.
Biglari is taking them seriously. He is making changes, he bought positions in 2 of their companies. He knows he could lose control here if he doesn't.
Lets see how many hours it takes whatsitsface to comment.
WTSL and CACH might be a good combo pair to buy. My thinking was one would go under and the other would double or triple.
I was wrong. WTSL filed for bankruptcy and CACH will next week. Both stocks are going to be zeros.
Glad I didn't buy either.
14.26 million shares short at 10/31.
So looks like almost 2 million covered over the final 2 months of the year.
Not sure what to make of it.
Jan 29th after the market close we should know more.
New 13g/a filed by Blackrock. They are at 8.8%.
Last year they were 8.2%.
Similar activity with blackrock & PBY. They increased their position slightly by .1%.
I believe blackrock doesn't pick stocks, they just own them.