Monthly Archives: February 2013

Hello Ruby Tuesday

A few weeks ago, Cove Street was asked to present a small cap stock idea for the 2013 Small-Cap Investing Summit. Our analyst Ben Claremon chose to discuss the investment thesis for Ruby Tuesday (RT) and created the attached presentation. Despite the fact that Ben was unfortunately not allotted the standard Bill Ackman 3 hour time window, these slides provide an in-depth analysis of why we think RT is undervalued. CLICK HERE to download the slides. _______________________________________________________________________ The opinions expressed herein […]

The Worst Piece of Corporate BS

The proposed management buyout of Dell is an abomination of corporate governance and decency on an extraordinarily large scale. While we have been too busy losing money in Hewlett-Packard to own Dell shares, I will take the liberty of being incensed for its shareholders. To wit: ANY management-led buyout of a public company is a complete violation of the most elemental sense of corporate governance, if not de facto insider trading. There is only ONE reason why management teams offer […]