RE:Can anyone hear the Muses??Hi Teddy,
Yes, all quiet at Sleepy Hollow aka 1 Yonge Street. FFH isn't going anywhere. They are in this for the long haul notwithstanding the incompetence of senior management and the Board. Watsa sees the underlying value of these assets and the opportunity to salvage these once-proud franchises.
The Board will be forced to confront the dismal results and the complete lack of traction with the "Transformation". At some point in time, the Voting Trust will emerge from their group coma and throw in the towel. They will find a way to extract a fair price and will quit pretending they are doing anything but sucking all of the oxygen out of the business.
Shareholders should continue to collect their dividends and wait for the final chapter whenever that happens. I continue to buy on dips and average down. Nothing is guaranteed but with each passing quarter, this clown show is drawing closer to the end. It can't happen too soon.