SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Rubio's Darn Good Fish Tacos (RUBO)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wskymn99 who wrote ()1/7/2000 3:01:00 PM
From: Mr. Sunshine   of 34
 
ROCKER HEDGE FUND TAKES 5.2% STAKE IN RUBIO'S

Highlights from the January 5th San Diego Union-Tribune (There is a link, but I do not have time to find it).

-- Rocker bought 460,000 shares for roughly $6.50 per share, for a total investment of just under $3 million.

-- This makes Rocker the third largest shareholder in Rubio's, behind Bay Area venture capitalists Faralon Partners and Rosewood Capital who own a combined 25% of Rubio's stock. (The do not mention the founders, who I assume are still the largest shareholders)

--Rocker generally shorts stocks, but says "to balance off stocks we short because we think they are crazily overpriced, we own stocks that we think are crazily underpriced".

-- "The valuation of the stock is very, very, very cheap" and ""They have done nothing but execute exactly what they said they would do. We think we're getting it for 50 cents on the dollar" are two other quotes from the article.

Great Investing to all,

Steve
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News