Jul. 28 at 4:47 PM
$BRID putting pressure on management to sell the company outright is my primary objective. After 90 years, and fifty years of being a public company it is time. The fact is this could fetch
$200,000,000 in a downright sale, roughly four times its current market cap. Why risk more losses down the road? The food processing industry has changed. What worked before, doesn't necessarily work now. If an M&A transaction occurs soon, everybody "WINS" including the acquiror. I was able to help get Winn Dixie, Safeway, Chock Full O' nuts, Luby's and Safeway all sold at substantial premiums. Being an activist always pays off as you are looking at the company from the inside, rather than the outside. A significant advantage.
