Summary Of Luby's Proxy Fight And Strategic Alternatives

About: Luby's, Inc. (LUB)
by: Carlos Sava, CFA
This article is exclusive for subscribers.
Carlos Sava, CFA
Value, investment advisor, long/short equity, special situations

A summary of Luby's Proxy Fight with Jeff Gramm and Bandera.

A financial look at performance and operations.

A list of strategic alternatives and steps the board and management could choose to undertake to unlock value.

I first read about Luby's as a potential investment in a piece by the Safety in Value newsletter on Seeking Alpha titled "Luby's Is An Restauranteur With A Big Real Estate Portfolio." Restaurants are an