LOAN, again had modest insider buying.
Bowlin Travel Centers
Management was reading my mind. On Wednesday September 10, BWTL.OB the company retained Miller Capital Markets, LLC, and investment banking firm and FINRA member, to assist the Board of Directors in assessing a number of strategic and business options. Looks like they may consider a sale of the company.
Furthermore they reported “net sales from continuing operations of $7.645 million, a decrease of 7.5% compared to net sales from continuing operations of $8.268 million for the prior year second quarter period. The Company reported net income for the three-month period ended July 31, 2008, of $118,000 or $0.03 per basic and diluted share, compared to net income of $711,000, or $0.15 per basic and diluted share for the prior year period ended July 31, 2007 that includes income of $549,000 (net of income tax expense) from the sale of one location.”