Quote:
Originally Posted by Farfrumbehavin
WoW, You mean the Delhaize co? why would a company who owns 1100 stores on the eastern seaboard be interested in a **** little chain like this that is having so much trouble. It would seem that they would want to sit back and just enjoy the extra business while they have it, and leave this for someone else. Or, they have no intention to buy in, they just want to cause more confusion and give the BOD more **** to haggle over. I read that there is actually as many as ten offers on the table right now. So the BOD is fighting over who will run the company after all. Looks like the honeymoon might be starting and ending at the same time! If you didn't see this one coming you were too wrapped up in all the drama. They need to cut a deal soon before the value goes any lower. The buzzards aren't circling anymore, now they are fighting over it!
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Thank you for bringing back the original poster's topic of Market Basket.
Tired of reading from the same folks about corporate welfare, people welfare, immigrants, food stamps, unions, and the rest of the tangent opinions.
Market Basket still has a valued brand name. Although some folks here may not think so. But others not following the news may think that it does.
Then there is the real estate. Yes, the real estate may be in other entities but probably will go with any sale.
This chain can be profitable either with new management, sale of the name, sale of the properties and all sorts of financial maneuvers.
Edward Lambert purchased Kmart and then later Sears. Whether you think Kmart or Sears is worth anything or not - just note that Lamberts annual income in 2012 was reported to be $1 billion dollars.
Erivan Haub purchased the A&P chain and walked away with $ 200 million dollars by raiding the companies pension fund.
Cerretani's small grocery chain - another family owned stores - were sold and the new owners appear to be quite happy.
So there may be quite a value buried in this grocery store controversy.