This puts Browning/Calvert in the position to have to SHOW CAUSE why the entire case shoudnt be thrown out.
Hopefully the judge will toss it and attach a civil penalty for wasting the courts time.
If not, I guess I will have to figure out how to file a motion or something.
Order to show cause re: dismissal scheduled for 05/15/2015 at 09:30:00 am in c15 at central justice center.
Their 5 new guys wouldn't hurt. But I don't see the need to go hostile & spend heavily when PBY seems willing to listen and accept some new blood.
But willing to wait.
I know, I know, I could have sold at $8 like wetnash who has since doubled his money 37 times but still comes here just to display his mental illness.
This stock should be $23.25 and we should be talking about a 2-3 pop. But its not.
Why not ?
No huge deal. It will help a little.
The stock could pop if they name a good CEO.
Otherwise, its going to take some time to fix this company and eventually sell it.
Hard to see it not going higher unless the market tanks or they miss big in the next few quarters.
I don't think they will miss big. No idea if the market tanks. Market risk is RCKYs biggest risk.
HNHs most recent extension does NOT say discussions are continuing. Can we assume they are or did JPST give them a firm take it or leave it offer and HNH is just trying to decide if they will take it ?
Its been 2 months. Would seem like something could be put together by now.
I think they are sandbagging us. I bet they think they can earn $1.75+ this year but aren't going to say it because the weather means a lot.
Will be interesting to see if we pop up tomorrow. And hopefully make new highs in a week or so.
They actually decreased their position from 17.34% In Nov via both buying & selling. Mostly selling I guess.
One of them runs SDOI which I have a position in. He has been president for about 2 years and hasn't done a darn thing. (Its an empty shell)
Gamco owns 1.02%.
This cant hurt and I suspect PBY might agree to 2-3 of them.
Despite missing on top line.
Sounds good going forward. "We believe the current top-line challenges are temporary and based on recent sell-through trends and our fall order book, we are confident that growth will accelerate as the year progresses.”
I will listen to the call later.
And $1.56 for the year,$1.85 for next year.
If those figures are ballpark we should go much higher.
From the annual report :
"We feel quite confident that the achievements of 2014 mark the beginning of a prolonged period of consistent growth." Expect to deliver another year of solid earnings growth.
Putting "by biglari" on anything adds negative goodwill.
But, if he is interested in buying back stock when its cheap maybe its all part of his master plan to trade his own stock ?
The gains I have in BH are much smaller than they would have been had the old mgmt. retained control. Or if I would have sold every last share of BH and bought CBRL with the money.
And, even an index of other restaurant stocks has massively outperformed BH.
A lot of stuff I was buying in 08 and 09 is up 5 times or more.
Id be happy to sell if you want to pay the taxes on my gains.
Browning works for BLGO you idiot. He is the one incorrectly filing out court paperwork repeatedly.
Buy more. Please.
Buying BH against an oversized CBRL position is a pretty good hedge. Plus, it allows him to retain even more votes in case anyone else wants to challenge his out of control ego & compensation.
Sadly, rather than getting the message, the board just became even more defiant.
It really is pitiful.
I should sell and I would if I didn't want to defer my gains for another 10-20 years. I guess I can lighten up a little in my IRA.
Did someone say he wasn't going to have another rights offering this year ?
That goodness for small favors.
Complaint Review: John R Browning
John Browning of the firm Law Offices of John R Browning, a PLC is the worst kind of lawyer. He took advantage of me when I needed his help the most. I hired him and went into the hospital and he ran up $60k in bills while I was out. He ruined my estate and stuck me with a very large bill. He demanded his bill be paid in full or else!!! What the heck does or else mean. Being threatened by my own attorney? I didnt authorize those bills and now he is shaking me down. John Browning deserves to have his license revoked.
Do not hire John R Browning of the law offices of John R Browning. He is a scoundral!
This is a public service repost. The above report can be found on the internet for anyone to see