premfan

Hi guys, I went to dinner at famous dave's last night for the first time. I came away extremely impressed by the quality of food. I'm not a huge BBQ guy but, that was probadly the best BBQ i ever had. The athmosphere was fun and rustic. I can see a huge market for a chain BBQ place in the U.S. Most BBQ places are mom and pop places that have been around for decades. Has anyone in the board been following Famous Dave's?

great post!

Wow awesome thread! I'm fairly new to the sears story but, after some research its hard for me to come up with a scenario long term where this stock is a loser. I think Mr. Lampert is handling this situation the best way possible by not throwing extra capital in a losing business. He doesnt have stock options or salary. The company is buying back shares at a fast pace. The cash flow is still flowing in a bad ecomony. Even if the economy gets worse as many of you are fearing the company still will have enough cash flow to buy back shares. The uncertainty with the company is not the shitty sears retail business. We all know that blows, its the end game plan by Mr. Lampert. What is his plan after the float is essentially non existent. Bascially, Bruce B. and Lampert will own the entire company. Two of the greatest capital allocators in the last two decades essentially owning a company that creates excess fcf. Besides, taking the company private which seems extremely unlikely i see no reason in 5 years for this company/stock to underperform. I would appreciate any feedback on the sears story. i find this to be a extremely unique potential investment. One last thought most people are looking for the next warren buffet/berkshire hathaway. Stop looking there is only going to be one warren/berkshire. Sorta like there is one Michael Jordan. Remember Harold Miner's nickname was Baby Jordan ( aka biglari). I think just cause Eddie is buying back stock and doing it the non berkshire way people dismiss him as a fake/wanna be buffet. Using basketball references Eddie is more like a Kobe. He's never going to be jordan but he is still great.

Hey motown, thanks for the quick reply but, i was wondering if anyone knows how much mass financial stock Michael Smith owns.

Does any one know how much of the company Michael Smith owns?

They are comparing the turnaround to sns. Interesting thesis... Any opinions? aboveaverageodds.wordpress.com/2010/01/10/premier-exhibitions-a-favorable-high-probability-outcome-in-an-uncertain-environment/ Disclosure: no position

I stumbled upon this company last week. Mark sellers is a value investor who is chairman and owns over half of the company. It is in the process of a turnaround after replacing the previous management. They own the rights to the titanic assets which is supposely worth at least a 100 million. The current market cap is roughly 60 million. They are in court fighting for the right to sell the assets. The company has no long term debt and 10 million in cash. any opinions?

Definitely selling positions wayyy to early. General growth after a 100 percent gain at roughly 3 dollars. Buying freeport at the bottom selling after 30 percent gain. Tata motors getting in at 4 dollars selling at 9 dollars. Also not buying sns at 6 dollars.