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Started By
Message
Marcus Lemonis >>> Tilman Fertita
Posted on 3/25/20 at 4:38 pm
Posted on 3/25/20 at 4:38 pm
quote:
Camping World CEO Marcus Lemonis will sell up to 500,000 shares of stock to help set up a relief fund for his employees affected by the coronavirus pandemic.
The recreational vehicle and outdoor retailer's announcement comes as many travel-related companies have bleak prospects in the short term while customers hole up at home due to the outbreak of the virus.
"The associates are what make this Company what it is and while they are not asking for a handout, I will do everything I can to protect their personal and financial well-being," Lemonis said in a statement. "They have always taken care of the customer, taken care of each other and taken care of me."
"We are in unprecedented times and we are all making sacrifices, but it is important for us all to do more and I’m reaching into my pocket to protect the team," he continued.
LINK
And Tilman's net worth is 5 times higher.
The difference is Landry's is privately owned and probably highly leveraged so he can't exactly liquidate as easily.
7
Posted on 3/25/20 at 4:41 pm to stout
It's great when the wealthy do this. I don't know him, would guess he grew that business, but it's great he's taking care of his people.
Posted on 3/25/20 at 4:42 pm to stout
Seems like the implication from that article with the link to Barron's is that he'll be making a bit of money on this deal since he just bought 200k shares on the cheap.
Posted on 3/25/20 at 4:42 pm to kywildcatfanone
People process product
Posted on 3/25/20 at 4:43 pm to kywildcatfanone
quote:
I don't know him
Camping World CEO and also has the TV show The Profit where he invests in small struggling businesses and helps turn them around.
There are stories out there that he is a dick but not nearly on the level of the Tilman stories. Also, a lot of the stories of him being difficult sound more along the lines of him just doing business IMO. Overall he seems like a good dude.
IIRC he supports gun control, though.
This post was edited on 3/25/20 at 4:47 pm
Posted on 3/25/20 at 4:46 pm to TH03
quote:
is that he'll be making a bit of money on this deal since he just bought 200k shares on the cheap.
He is selling 500K shares at near record lows. How did you get he will make money off of this? What am I missing?
quote:
Lemonis bought $1.7 million of Camping World's publicly traded shares in March, according to Barron's. Shares closed at a record low $3.87 apiece on March 18, according to Dow Jones Market Data.
Posted on 3/25/20 at 4:47 pm to stout
Marcus Lemonis is the man. Seriously, I love The Profit.
Posted on 3/25/20 at 4:51 pm to stout
He’s reaching in his pocket and pulling out change. Ole boy is worth several hundred million that’s known about and most likely several hundred million parked offshore. Regardless, still a good deed and I’m sure his employees appreciate it.
Posted on 3/25/20 at 4:51 pm to OweO
He has a new TV show coming out soon too. He tweeted about it the other day.
Posted on 3/25/20 at 4:53 pm to GeauxGutsy
quote:
He’s reaching in his pocket and pulling out change. Ole boy is worth several hundred million
It's like some of you don't understand how net worth vs liquidity work
Posted on 3/25/20 at 4:53 pm to stout
It closed at nearly double that 3/18 number today.
I was wrong though. Just thought it was weird that halfway through that article they bring up his stock purchases and an employee that got laid off. Seemed to be implying something fishy.
Barron's link is hidden behind a paywall, but says:
I was wrong though. Just thought it was weird that halfway through that article they bring up his stock purchases and an employee that got laid off. Seemed to be implying something fishy.
Barron's link is hidden behind a paywall, but says:
quote:
Recently, Lemonis has bought $1.7 million of Camping World’s publicly traded shares.
He paid $1.1 million on March 5 for a total of 100,000 of Camping World’s publicly traded shares, an average price of $10.73 each, according to forms he filed with the Securities and Exchange Commission. Lemonis controls most of the voting power of Camping World through supervoting stock.
As the market continued to slide into a broader bear market, Lemonis paid $633,000 on March 12 for 100,000 shares, an average per-share price of $6.33.
This post was edited on 3/25/20 at 4:55 pm
Posted on 3/25/20 at 4:59 pm to stout
He does seem like a really good guy and very smart businessman.
Posted on 3/25/20 at 5:00 pm to stout
quote:
It's like some of you don't understand how net worth vs liquidity work
That’s the mindset of your typical Democrat and anyone who votes for them.
and not just for billionaires either. They think that if John Doe down the street has a “net worth” of $2 million dollars, that means he has $2 million in cash in his bank and it needs to be taxed immediately at 50+%
This post was edited on 3/25/20 at 5:01 pm
Posted on 3/25/20 at 5:02 pm to stout
quote:
And Tilman's net worth is 5 times higher.
The difference is Landry's is privately owned and probably highly leveraged so he can't exactly liquidate as easily.
Tillman is the brokest billionaire around. He is leveraged out the arse. He had no business buying the Rockets for $2B, but he was a childhood fan.
This post was edited on 3/25/20 at 5:03 pm
Posted on 3/25/20 at 5:04 pm to stout
Dude's a badass. Many upper management personnel in manufacturing could learn a lot from him, including my own.
Posted on 3/25/20 at 5:06 pm to NOFOX
quote:
He is leveraged out the arse.
I figured that when he bought the Golden Nugget casinos then spent $800 million to build the one in Lake Charles. He said he always had visions of a casino complex that served Houston so again it was a dream he fulfilled and leveraged Landry's to do so.
Posted on 3/25/20 at 5:12 pm to ZIGG
quote:
That’s the mindset of your typical Democrat and anyone who votes for them.
And let's talk about the mindset of people who only see things through a certain political lens. Its not just you, there are Democrats out there with the same mindset as you. Not every wealthy person is a Republican. In fact, knowing what someone's net worth means has nothing to do with party.
Posted on 3/25/20 at 5:16 pm to OweO
quote:
Not every wealthy person is a Republican. In fact, knowing what someone's net worth means has nothing to do with party.
WTF does that have to do with this thread or anything he posted?
You are such a simpleton that you think you are making a great point but fail to see how stupid it is.
Posted on 3/25/20 at 5:23 pm to stout
Hell, I'd love to be leveraged af chasing childhood dreams of owning an NBA team. 
Posted on 3/25/20 at 6:42 pm to stout
quote:
It's like some of you don't understand how net worth vs liquidity work
Agreed. Weren’t you considering investing your emergency fund in the market?
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