Bob Evans restaurants, on the other hand, need more time to prove that the renovations will boost the weak same-store sales growth. With the sizable investment going into the stores along with sacrificed business due to closures, management has put a lot of faith into the Farm Fresh Refresh initiative.
The above from a recent business website. The evaluation should consider this about the current management.
They are doing so many things now that the old regime wasn't doing. The old regime wasn't forward thinking like these highly educated smart people who have been brought in. So many great schemes have been initiated and they just need more time to succeed. The new regime is equipped to make progressive, visionary, inclusive decisions and changes. Bob Evans is being led by a superb, highly educated, connected, progressive, leader who will work through the current challenges to the benefit of shareholders. 6+ years isn't really that long when you take into consideration how long that old style of management was in
well my first reaction to that is maybe the company perceives the 52-week high to be the future 52 week low
Sentiment: Strong Buy
It will be interesting to see how Sanhill would deal with any major downturn in share price below the $55.00 that they purchased so many shares at. A correction of 10% or more below their entry point would prompt some serious revisiting of their original strategy for taking their 5% stake in BOBE.
All bottom line cost cutting, no top-line growth. One-time charges (sale of Mimi's, sale of HQ campus) have been used as poor quarterly performance excuses. Eventually they will run out of one-time charges. That's when the rubber will meet the road.
I had no idea who the heck you guys were talking about, but I got curious and read an old Sports Illustrated article on the net. Damn, that guy Bevo was something else......too bad he decided not to play in the NBA
One quarter it was the sale of Mimi's, last quarter was the sale of the corporate headquarters. What's next quarter's excuse? No topline growth. Just excuses.
Underground Alerts Society (google em) just came out with a detailed report on BOBE today - I recommend any fellow shareholders here sign up immediately and wait for the next update, last time they alerted a stock as a buy it went up 1350%, and last two times they put out sell ratings the stocks dove over 75% - don't be the last to know and get screwed, I learned my lesson on their BOBE sell alert, and GOOG buy alert sub $300
A big thank you to all you good old boys and girls from southeast Ohio, who started and then grew Bob Evans! It has been a great 35 year run owning this stock! I used the current run up as a opportunity to exit BOBE.
very true this is the "american way" when the price runs up, cash out before it crashes...
the whole reason i bought this stock @ 20 was because of the real estate.. most restaurants lease..
Look at the balance sheet and cash flow of BOBE. Sandell mgmt. wants to rape the co and then what?? go banckrupt? This "financial advisor " should be fired. I owned a 370 employee business and get so upset when these financial idiots come up with stuff that will make them a lot of money by raping the company. very aggravating to here this. Shareholders beware!