seekingalpha.com
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.
Luby's, Inc.LUBNYSE
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gurufocus.com
A Lesson in Deep Value With Luby's
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.
seekingalpha.com
Luby's Reports Remaining Assets Of $3/Share, Further Upside Hinges On Property, Culinary Services
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.
prnewswire.com
Luby's, Inc. to Issue an Initial $2.00 Per Share Cash Liquidating Distribution
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.
seekingalpha.com
Luby's Recent Liquidation Transactions Imply Liquidation Proceeds Of $5-$7 Per Share
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.
prnewswire.com
Luby's Issues Third Quarter Fiscal 2021 Report
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.
benzinga.com
Luby's To Sell Cafeteria Restaurant Business For $28.7M
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.
prnewswire.com
Luby's, Inc. Signs Agreement to Sell Luby's Cafeteria Restaurant Operations to Affiliate of Calvin Gin
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.
benzinga.com
Luby's To Sell Fuddruckers Franchise For ~$18.5M
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.
prnewswire.com
Luby's, Inc. Signs Agreement to Sell the Fuddruckers Franchise Business to Affiliate of Nicholas Perkins
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.
prnewswire.com
Luby's Celebrates Summer 2021
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.
seekingalpha.com
Luby's Liquidation Continues On A Positive Trend
Luby's Liquidation Continues On A Positive Trend
prnewswire.com
Luby's Issues Second Quarter Fiscal 2021 Report
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.
prnewswire.com
Luby's, Inc. Completes Previously Announced Sale Of Certain Fuddruckers Company Owned Stores To New Franchisees
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.
seekingalpha.com
Luby's Positive 10-Q Disclosures May Nudge Up Liquidation Value
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.
prnewswire.com
John Garilli, Winthrop Capital Executive, Assumes Role of Interim President and Chief Executive Officer at Luby's, Inc. While Monetization Plans Continue
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...
prnewswire.com
Luby's Issues First Quarter Fiscal 2021 Report
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...
prnewswire.com
Luby's Christmas Holiday Offerings
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...
prnewswire.com
Luby's, Inc. Stockholders Approve Plan Of Liquidation And Dissolution
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...
prnewswire.com
Luby's Inc. Retains JLL To Assist In The Orderly Sale Of Its Real Estate Holdings
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...