Question
What have been the actual and annualized returns for an investor that bought LUB on June 3 2020 for $1.80? Information: Right after the company
What have been the actual and annualized returns for an investor that bought LUB on June 3 2020 for $1.80?
Information:
Right after the company published this press release on June 3 2020, LUB increased in price from about $0.80 to about $1.80: https://www.prnewswire.com/news-releases/lubys-announces-it-will-pursue-sale-of-its-operations-and-assets-and-distribute-net-proceeds-to-stockholders-301070367.htmlLinks to an external site.
For your reference, this is the most current Luby's 10-K that was available when the June 3 2020 press release was issued. It's for the fiscal year that ended on August 28, 2019: https://www.sec.gov/Archives/edgar/data/16099/000001609919000084/lub_8281910kdocument.htmLinks to an external site.
Similarly, this is the most current Luby's 10-Q that was available when the June 3 2020 press release was issued. It's for the quarter ended March 11, 2020: https://www.sec.gov/Archives/edgar/data/16099/000001609920000072/lub-20200311.htmLinks to an external site.
This is Luby's 10-Q for the quarter ended December 16, 2020. Please notice the financial statements, which appear early in the report: https://www.sec.gov/Archives/edgar/data/16099/000001609921000005/lub-20201216.htmLinks to an external site.
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