Saw FA announced 10% buyback, Cash is $3.10 a share, with restricted cash nearly $5, Real Estate Biz $7mm a yr in revs, with sale to alcoa they might get an extra $.50 a share... login to read the rest
any thoughts on the purchase by alcoa? do u know what the after-tax proceeds will be to FA. if they only realize $50M plus or minus (using a 33% tax rate) then the... login to read the rest
Here's a list as of 3/31/02 of institutional owners:
http://www.nasdaq.com/asp/holdings.asp?symbol=FA&selected=FA&FormType=Institutional
From 13D's filed last year, Gabelli increased their ownership, and I was surprised to see Jeff Gendell owning shares. Assuming both still own those shares, any thoughts... login to read the rest
They have been trying to sell the real estate for a while now. I know someone who looked at buying it. FA offered to sell it for about $100mm (book value). Nobody has had... login to read the rest
Kurran,
As I recall the real estate had a book value of over $100 million, and they already have a number of solid anchor tennants (e.g. Home Depot). Management has been marketing the property for... login to read the rest
1) Buyout rumor: I have also heard buy-out rumors. I did not hear Alcoa. I assumed it was just speculation due to the stock's rise. Even if Alcoa or someone else wanted to buy... login to read the rest
Great idea. On what do you base the sharp revenue declines for 2002 and 2003? Sure the industry has slowed down, but the February release suggests a milder rate of decline (ie 91%... login to read the rest
i actually shorted a bit of this a few weeks ago, but i am somewhat concerned about rumors i have heard about a buyout, potentially from alcoa. this is why i think the stock... login to read the rest
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