Cable Car Beverage (DRNK) Message Board

STOCKTALK

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.

Non-Tech : Cable Car Beverage (DRNK)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: fb723 who wrote (158)	6/25/1997 8:10:00 AM
From: Christina M. Young	of 284

Steve, I agree with your analysis completely. I had also expected at least something around $6, based upon discounted cash flow valuation. Keep in mind that it would probably only take several million dollars worth of DRNK stock to challenge the buyout. And I'm sure that DRNK would be attractive to other companies as well. What really makes me angry is that TRY, through buying out DRNK's management with a lucrative package, has subverted management's fiduciary duty to shareholders, so much so that they are allowing the company to be bought out way below intrinsic value, and even the previous weeks' trading price of over $4.00! And the intrinsic value of a share of Triarc isn't anywhere near $20. I'm not sure what legal action we can take (is there such a thing as "breach of fiduciary duty")? The risk of buying more shares to get more control would probably be minimal at this point, unless shares of TRY continue to decrease. Any ideas?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next