I get a lot of people that message me thanks for speaking in a way, that they get it, all the hustlers and manipulators etc just make them dizzy at times not knowing which way is up, saying I better sell to protect profits, that's the one that gets me scratching my head, when I see that posted to a board, I just sold a $5 bill for .40 to protect myself?
I told him it was actually the most plain way of explaining I could ever come up with now that the Dress barn leases, Bk etc is past.
How the picture just came opening up in high definition so to speak, its simple, really.
That's why I mainly get into retail when they take it down I find those couple that are just simple, plain as day a 6th grader can add and subtract. Forget all the minutia lets just make it easy get out a knife lets cut this pie and be done with it, then let accountants in so they can take whats left and make it confusing a confusing hot mess, things are so simple til modern day accountant get involved, they lose a dime to save a nickel juggling figures from one paper to another.
Anyway, this is what I wrote him and it is this simple when valuing the company going forward after Dec 31st and if what me I would do it and be left with the diamond and tell everyone to bugger off and go bother someone else, but is IMHO show what is left after the clean out.
It is just a scenario to cut through the crap see whats really there if one could take out the debt, getting rid of some/all etc. what would be left so how much value is/could there be just slicing it up and keeping the best slice. Where is the value, if i sold stuff to take out this debt everyone is crying about what we got for value?
"""Its only time you are waiting on, that's all, and that isn't a long time. Next week 6 weeks from next ER what does it do a week before that it rises so 5 weeks, what if something happens before that?
Lane sale,Justice sale which ever may be the case, until we know we don't know anything but something will be sold the entire world knows that as Bloomberg reported as the company and shareholders know something must go it is the last shoe that needs to drop.
Then is 2 dollar town, your left with Ann Taylor that could sell on its own for 2 billion easy and 49% of Maurice's if you sell whichever is left Lane/Justice just to get it over with and get to even and see what is really there for a value.
What are you left with?
Ann Taylor $2 bil value stand alone by it self can sell it for that but lets say they can only get 1.5 billion 700 million less than they paid 4 years ago just for argument sake.
$300 mill in cash, we know that value $300 million
1.8 Billion dollar value company and 49% of Maurice's, it really after Dress barn is closed and the rest is sold, that easy. And that is reality all the rest is muddle. Facts and math don't lie, math always wins.
It is that simple, they just make it sound convoluted and messy. Its not. Whenever looking at things do some arithmetic for yourself.
$1.4 billion debt how could that be solved?
Selling Lane/Catherine's/Justice simple use the money to pay off all the debt what are you left with Ann Taylor, 49% of Maurice's and $300 million dollars cash. And what if you had to use the $300 million in cash too?
Still left with Ann Taylor that could be sold for $1.5 billion + and 49% of Maurice's that's math and that's a fact.
People saying the stock is worth a dollar or even $2-3 they are crazy, they must be talking to the wall because I don't hear a thing. They need to take that to stupid town because it isn't selling here.
The messy part is over, almost, the deal with landlords is made, now it's just selling everything and locking the doors is left, Maurice's Dress Barn gone.
They just want you to think it is still messy. Its not, don't worry, like I told people with FRAN it isn't that complicated, they just want you to think it is."""
That is the truth and that's what needs to be talked about or just do it. Sell off all the pieces be left with Ann Taylor and Maurice's shares and what are each one of those 190 mil shares worth? You do the math.
Because it is that simple, that's why rich mf'ers buy up companies and sell off the pieces.
1.5 billion to 2 billion 190 mil shares wheres my check.
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