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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: Labrador who wrote (5447)	8/19/2019 9:46:12 AM
From: richardred	Read Replies (2) \| Respond to of 7239

I picked up some BLMN shares on the new low this morning. IMO The company buying back shares only makes it cheaper for a possible acquirer. Two successful swing trades at higher prices gives myself some confidence getting back in. The time to sell before was on the upside surprises in earnings. I also don't see this stock being effected by tariffs directly. P.S. stock dropping fast as technical traders are most likely selling. This upon a very good day so far in the market.

To: Labrador who wrote (5447)

8/19/2019 2:07:29 PM

From: richardred

Read Replies (1) | Respond to of 7239

I'm headed off to work and will miss this. Might be a good watch on CNBC today Tilman Fertitta owner of a big competitor of BLMN's Outback is on.

Oldie

RE-BLMN speculation Roark Capital Group bought out Buffalo Wild wings for over two Billion. Are they ready for a hypothetical upscale buy? Buffalo Wild Wings is now thinking about sports betting. There's is another who I know is in the restaurant business , sports, and gambling.

Mr. Mitarotonda's Barrington capital made out quite well, I presume on the LyondellBasell /SHLM acquisition. IMO he might be thinking how BLMN can be monetized for shareholders. I'm sure Jana Partners would like to cash out what stake it has left.
A. Schulman(SHLM_). Barrington's James Mitarotonda has been buying more than 15,000 shares during the past few days. In his last transaction he paid $21.35, which was also the closing price for the stock on Friday.

From: richardred 3/8/2017 10:28:04 AM

Read Replies (2) of 4981

New buy today- BLMN- BLOOMIN BRANDS- It's been awhile since I've been in the restaurant space. I can't help, but think of post acquisition minded Tilman Fertitta, when I think of this company. I remember his chain of acquisitions over the years. Maybe he's ready to buy again? A good chance to turn around this under- performer? IMO a good way for him to get into new regional markets converting his signature brands from Bloomin's under-preforming restaurants. Another plus, taking out some competition to increase margins. A light dividend for holding if nothing acquisitive develops, but also a chance for operational improvement if nothing happens.

Some BLMN restaurants- possible synergies- steak & seafood- medium to upscale markets
Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

Against
Morton’s The Steakhouse, Rainforest Cafe, Bubba Gump Shrimp Co., McCormick & Schmick’s Seafood & Steaks, Saltgrass Steak House, Claim Jumper, Chart House, The Oceanaire, Mastro’s Restaurants, Vic & Anthony’s Steakhouse

P.S.
To be truthful. I used to like Outback, but currently I prefer Darden's Longhorn Steakhouse over Outback. Many of my friends say Carrabba's is very good. However they only seem to be open for dinner when I drive by. Olive Garden is open for Lunch.

Barington Capital's Jim Mitarotonda says Outback Steakhouse's parent company, Bloomin' Brands, has become too complicated. He wants it to spin off smaller chains, including Bonefish Grill.

thestreet.com