This makes a lot of sense to me. If they want to maximize use of the facility and the high margin bar revenues, this is the way to go.
turnarounds take time - more than a quarter or two...it's generally one to two years.
they have the right people in place
they have laid out the plan
now they will execute
this is likely the bottom
Last time I was in Vegas at Cosmopolitan it was awesome, there were hot chicks everywhere and I had my way with several of them. We did have some BBQ infused sushi. I gave them the bone they wanted without going to DAVE.
I'll keep this short and sweet...Google "Penny Stock 101 org' signup for their free newsletter and get their next trade alert. Come back and thank me tomorrow!
Eat at Dave's at Blue Diamond at least once a month. Make the drive from Pahrump to LV just to eat there. Never had a bad meal yet. Been doing it for years. As for the stock price. Way too low compared to 52 week high. May have to hold awhile, but very little downside and massive upside.
I forgot to mention, the table was dirty too when we sat down. If that was a harbinger of what was to follow I can understand why some folks might not return.
.... the last time I was at Famous Dave's on Blue Diamond in Las Vegas it wasn't so good. First, the service was slow and drink refills were non-existent until asked for. The plates and utensils had someone's else meal stuck to them but were given for us to use. After I asked for replacements there wasn't even an apology. The main courses were great, but I let my guest pick the sides, and only later did I find out the baked beans and mac & cheese included jalapeno's. Once you bite into a jalapeno, the chicken, ribs, and brisket taste spicy instead of like chicken, ribs, and brisket. I'm not into spicy and it ruined my meal, and if those sides were available without the jalapeno's the meal would have been perfect.
I used to go to Lucille's in Vegas but they spice things worse than Dave's.
About the stock, I'm surprised it goes for $6 as despite my last experience my prior experiences have all been excellent. DAVE could do some better advertising to promote the brand.
Considering it all...Cash flow statement looks ok...$5 mil cash.....They need to cut their prices ...serve cheaper filler items....lots and lots of breads...fries...rice...beans...give a good big hearty meal for a lower price...create a value bbq joint...and all will be well.
These free trade alerts are really killing it right now. Just search for UltimateStockAlerts in
google and sign up. You will thank me later. Im 1000% confident in that