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LUB - We're In The Final Innings Of Luby's Liquidation Some Upside May Remain
Luby's Inc.
Luby's liquidation is now in its final stages, delisting is possible within months.
A few properties are still being sold, and that could yield upside.
With some distributions paid and many other transactions largely complete, an investment in Luby's is likely to be driven by property valuation (mainly Texas restaurant locations).
Luby's currently has 10% upside to its liquidation value, so some upside may remain even in a more conservative analysis.