
We're In The Final Innings Of Luby's Liquidation, Some Upside May Remain
Luby's liquidation is now in its final stages, delisting is possible within months.
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Luby's liquidation is now in its final stages, delisting is possible within months.

I have been following Luby's ( LUB , Financial) in one way or another for the past decade. I have watched the stock, waiting for a moment to buy, but that moment has never arrived.

Luby's liquidation continues to trend well, with the most recent update increasing the liquidation value. $2/share has already been paid but the residual value could be over $3/share on today's release.

HOUSTON, Oct. 13, 2021 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's"), which is in the process of monetizing its assets for the benefit of its shareholders, announced today that the Company's Board of Directors has declared a cash liquidating distribution of $2.00 per share to be paid on November 1, 2021 to shareholders of record as of October 25, 2021. The liquidating distribution is being paid from the net proceeds from recent property sales.

Restaurant operator Luby's has completed various pieces of its liquidation process at valuations ahead of liquidation accounting. They have done well monetizing their major brands/franchises at attractive valuations and selling properties at potentially a premium to liquidation and appraisal value.

HOUSTON, July 19, 2021 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's") which is in the process of monetizing its assets for the benefit of its shareholders, announced today its financial results for the third quarter ended June 2, 2021. Financial Results Liquidation Basis of Accounting As a result of Luby's shareholder approval of its plan of liquidation on November 17, 2020, effective November 19, 2020, in accordance with Generally Accepted Accounting Principles ("GAAP"), the Company began reporting its financial results on the liquidation basis of accounting.

Luby's Inc (NYSE: LUB) inked an agreement to sell its cafeteria restaurant business to a newly formed affiliate of Calvin Gin. The sale could provide Luby's with about $28.7 million of value, although there is no assurance for such consideration.

HOUSTON, June 21, 2021 /PRNewswire/ -- Luby's, Inc. ("Luby's" or the "Company") (NYSE: LUB) today announced the Company has entered into an agreement to sell the Luby's Cafeteria restaurant business to a newly formed affiliate of Calvin Gin. The purchase by the Gin affiliate (to be renamed Luby's Restaurants Corporation following closing of the transaction) will include 32 of the existing locations of Luby's restaurants, all in Texas (listed below), and ownership of the Luby's Cafeteria brand.

Restaurant chain operator Luby's Inc (NYSE: LUB) has entered into an agreement to sell the Fuddruckers franchise business operations. The franchise will be sold to a newly formed affiliate of Nicholas Perkins, Black Titan Franchise Systems LLC.

HOUSTON, June 17, 2021 /PRNewswire/ -- Luby's, Inc. ("Luby's" or the "Company") (NYSE: LUB), today announced the Company has entered into an agreement to sell the Fuddruckers franchise business operations to a newly formed affiliate of Nicholas Perkins. The Company had previously sold/franchised a number of Company owned Fuddruckers restaurants to a Perkins affiliate, making him one of the largest Fuddruckers franchisees.

HOUSTON, June 17, 2021 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's"), announces new Summer special offerings to celebrate Father's Day and Independence Day, July 4 th. Guests are invited to celebrate these two festive holidays and dine at their local Luby's Cafeteria or call 1-877-GO-LUBYS or order online at www.lubys.com.

Luby's Liquidation Continues On A Positive Trend

HOUSTON, April 26, 2021 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's") which is in the process of monetizing its assets for the benefit of its shareholders, announced today its financial results for the second quarter ended March 10, 2021. Financial Results Liquidation Basis of Accounting As a result of Luby's shareholder approval of its plan of liquidation on November 17, 2020, effective November 19, 2020, in accordance with Generally Accepted Accounting Principles ("GAAP"), the Company began reporting its financial results on the liquidation basis of accounting.

HOUSTON, March 17, 2021 /PRNewswire/ -- Luby's, Inc. ("Luby's" or the "Company") (NYSE: LUB), today announced the Company has completed the sale of certain Company-owned Fuddruckers stores and the franchise of those stores to affiliates of Black Titan Holdings, LLC ("Black Titan"), an affiliate of Nicholas M. Perkins. Specific terms of the transaction were not disclosed.

Luby's recent 10-Q disclosures may nudge up liquidation value and narrow the range of distribution outcomes, suggesting 20% to 30% upside from current levels.

HOUSTON, Feb. 1, 2021 /PRNewswire/ -- Luby's, Inc. ("Luby's" or the "Company") (NYSE: LUB), announced that John Garilli has been appointed Luby's Interim President and Chief Executive Officer effective January 27, 2021, as Christopher Pappas stepped down as President and Chief Executive...

HOUSTON, Feb. 1, 2021 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's") which is in the process of monetizing its assets for the benefit of its shareholders, announced today its financial results for the first quarter ended December 16, 2020. Financial Results Liquidation Basis of...

HOUSTON, Dec. 10, 2020 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's"), is offering Christmas cheer with Holiday Packages so you can spend time with your family and friends while Luby's does the cooking. Holiday Packaged offerings can range from full-blown meal packages starting at...

HOUSTON, Nov. 17, 2020 /PRNewswire/ -- Luby's, Inc. ("Luby's" or the "Company") (NYSE: LUB), announced that at a special meeting of stockholders held earlier today, stockholders approved the Company's plan of liquidation and dissolution (the "Plan of Liquidation" or the "Plan") that...

HOUSTON, Nov. 10, 2020 /PRNewswire/ -- Luby's. Inc. ("Luby's" or the "Company") (NYSE: LUB), announced that, at the initiation of the Special Committee of the Board of Directors, the Company has retained JLL (NYSE: JLL) to assist it in the orderly sale of the Company's real estate...