Not sure if you saw it earlier, but ARKR declared a special $1 dividend today and reinstated its regular 0.25 quarterly dividend today. Stock got a nice little pop up to $18 or so in after hours trading. CEO of the company seems to be a great steward of the company. I guess owning 25% or so is a good incentive, but there are many in the same boat who only want to line their own pockets. Nice call, John!
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Not sure if you saw it earlier, but ARKR declared a special $1 dividend today and reinstated its regular 0.25 quarterly dividend today. Stock got a nice little pop up to $18 or so in after hours trading. CEO of the company seems to be a great steward of the company. I guess owning 25% or so is a good incentive, but there are many in the same boat who only want to line their own pockets. Nice call, John!
Thanks jimmymac!
i never gave up hope on management or the eventual movement of the stock. the ceo's prior track record of doing the right thing was well documented
Back in january i wrote the following;
http://seekingalpha.com/article/116472-ark-restaurants-corp-an-enviable-economic-moat
John
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