JEast, thanks a ton for posting your notes. I really appreciate it.
- Last year there was no interest from shareholders about any repurchases. This however has now changed and there is more interest from the shareholder base.
I find this a bit disingenuous if they said there was no interest last year for purchases. Schultze asset management, has called for repurchases. The attachement was written in late 2009, so maybe it escapes the "last year" clause. Yet, I am pretty sure Schultze was also pressuring for purchases in 2010 as well.
/shrug....I've resigned from believing WINN will ever do a repurchase, for whatever reason, it seems like an anathema to management. My guess, if they ever do repurchases it will be if/after their store base become competitive but at that time, the repurchases won't be nearly as accretive to shareholders.
