Author Topic: SYTE - Enterprise Diversified  (Read 244129 times)

5xEBITDA

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Re: SYTE - Enterprise Diversified
« Reply #700 on: May 09, 2019, 06:39:28 AM »
Occam's razor--this company is just a sh$tshow.  No other mental gymnastics required for explanation.

I like that Braziel is involved now.  A guy who specializes in liquidations, bankruptcies and winding down weird assets.  Sort of lays out the future fairly clearly...

I wouldn't read too deeply into this.


NBL0303

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Re: SYTE - Enterprise Diversified
« Reply #701 on: May 09, 2019, 07:27:35 AM »
Is anyone else surprised the stock didn't go down after this week's filings?

LowIQinvestor

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Re: SYTE - Enterprise Diversified
« Reply #702 on: May 10, 2019, 06:27:59 AM »
Former Chairman who sold his RE holdings to SYTE is looking to sell shares:

https://www.sec.gov/Archives/edgar/data/1096934/000114420419024708/tv521094_144.htm

Foreign Tuffett

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Re: SYTE - Enterprise Diversified
« Reply #703 on: May 10, 2019, 06:53:55 AM »
Is anyone else surprised the stock didn't go down after this week's filings?

It looks like volume has been minimal over the last few days. I think it's fait accompli that the stock goes lower once we see more robust price discovery.

LowIQinvestor

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Re: SYTE - Enterprise Diversified
« Reply #704 on: May 15, 2019, 05:11:22 AM »
Nothing To See Here- Sitestar/Enterprise Diversified, Steven Kiel And The Case Of The Disappearing Management Team:

https://www.inelegantinvestor.com/2019/05/15/nothing-to-see-here-sitestar-enterprise-diversified-steven-kiel-and-the-case-of-the-disappearing-management-team/

patientcapital

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Re: SYTE - Enterprise Diversified
« Reply #705 on: May 16, 2019, 09:10:45 AM »
The parallels between this company and Biglari Holdings are almost too much...

Tim Eriksen

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Re: SYTE - Enterprise Diversified
« Reply #706 on: May 16, 2019, 09:41:09 AM »
The parallels between this company and Biglari Holdings are almost too much...

How so?  Biglari deceived shareholders and has personally benefited at the expense of shareholders.  Kiel has not done either.  Yes they made a bad decision in HVAC, had a significant miscommunication with Moore in Mt Melrose, and parted ways with the CEO and COO.  Operational issues are not the same thing as ethical issues.

roark33

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Re: SYTE - Enterprise Diversified
« Reply #707 on: May 16, 2019, 09:55:02 AM »
I am certainly not a huge fan of SYTE, but I don't think they have been unethical unless you think they publicly touted an operational strategy that they privately thought had little chance of success.  Unethical or ignorant....??

rkbabang

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Re: SYTE - Enterprise Diversified
« Reply #708 on: May 16, 2019, 10:14:49 AM »
Biglari is a liar and a thief who does everything in his power to personally profit at the expense of BH shareholders.  I don't see any parallels at all between the two.

SmallCap

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Re: SYTE - Enterprise Diversified
« Reply #709 on: May 16, 2019, 11:44:52 AM »
What exactly was the miscommunication with Moore?
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