Posted by
Message
stout
Arizona Fan
Back in God's Country
Member since Sep 2006
141989 posts
 Online 

Marcus Lemonis >>> Tilman Fertita
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.


kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
69085 posts

re: Marcus Lemonis >>> Tilman Fertita
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.


TH03
Iowa State Fan
Austin
Member since Dec 2008
163618 posts

re: Marcus Lemonis >>> Tilman Fertita
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.


baldona
Auburn Fan
Florida
Member since Feb 2016
11643 posts

re: Marcus Lemonis >>> Tilman Fertita
People process product


Replies (0)
Replies (0)
60
stout
Arizona Fan
Back in God's Country
Member since Sep 2006
141989 posts
 Online 

re: Marcus Lemonis >>> Tilman Fertita
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 at 4:47 pm


Replies (0)
Replies (0)
50
stout
Arizona Fan
Back in God's Country
Member since Sep 2006
141989 posts
 Online 

re: Marcus Lemonis >>> Tilman Fertita
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.


OweO
LSU Fan
Plaquemine, La
Member since Sep 2009
86179 posts

re: Marcus Lemonis >>> Tilman Fertita
Marcus Lemonis is the man. Seriously, I love The Profit.


GeauxGutsy
LSU Fan
Member since Jul 2017
1476 posts

re: Marcus Lemonis >>> Tilman Fertita
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.


stout
Arizona Fan
Back in God's Country
Member since Sep 2006
141989 posts
 Online 

re: Marcus Lemonis >>> Tilman Fertita
He has a new TV show coming out soon too. He tweeted about it the other day.


Replies (0)
Replies (0)
40
stout
Arizona Fan
Back in God's Country
Member since Sep 2006
141989 posts
 Online 

re: Marcus Lemonis >>> Tilman Fertita
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


TD SponsorTD Fan
USA
Member since 2001
Thank you for supporting our sponsors
Advertisement
TH03
Iowa State Fan
Austin
Member since Dec 2008
163618 posts

re: Marcus Lemonis >>> Tilman Fertita
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:

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 at 4:55 pm


Replies (0)
Replies (0)
10
Sao
SMU Fan
University Park, TX
Member since Jun 2009
42083 posts

re: Marcus Lemonis >>> Tilman Fertita

He does seem like a really good guy and very smart businessman.


Replies (0)
Replies (0)
60
ZIGG
Member since Dec 2016
5455 posts

re: Marcus Lemonis >>> Tilman Fertita
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 at 5:01 pm


NOFOX
New Orleans Pelicans Fan
New Orleans
Member since Jan 2014
8651 posts
 Online 

re: Marcus Lemonis >>> Tilman Fertita
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 ass. He had no business buying the Rockets for $2B, but he was a childhood fan.
This post was edited on 3/25 at 5:03 pm


ISEN_AG
Texas A&M Fan
ThunderWolf Manor
Member since Aug 2013
1295 posts

re: Marcus Lemonis >>> Tilman Fertita
Dude's a badass. Many upper management personnel in manufacturing could learn a lot from him, including my own.


Replies (0)
Replies (0)
20
stout
Arizona Fan
Back in God's Country
Member since Sep 2006
141989 posts
 Online 

re: Marcus Lemonis >>> Tilman Fertita
quote:

He is leveraged out the ass.


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.


OweO
LSU Fan
Plaquemine, La
Member since Sep 2009
86179 posts

re: Marcus Lemonis >>> Tilman Fertita
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.


stout
Arizona Fan
Back in God's Country
Member since Sep 2006
141989 posts
 Online 

re: Marcus Lemonis >>> Tilman Fertita
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.


Replies (0)
Replies (0)
30
TH03
Iowa State Fan
Austin
Member since Dec 2008
163618 posts

re: Marcus Lemonis >>> Tilman Fertita
Hell, I'd love to be leveraged af chasing childhood dreams of owning an NBA team.


Replies (0)
Replies (0)
40
GeauxGutsy
LSU Fan
Member since Jul 2017
1476 posts

re: Marcus Lemonis >>> Tilman Fertita
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?


first pageprev pagePage 1 of 2next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram