Don't miss this ride--11,000 shares and growing. This is going to double once the warrants are out of the way.
Sentiment: Strong Buy
In addition......I think this co. really starts to rock sometime next year. Once they get 3 or 4 Bad Daddy's open the revs are gonna show some serious growth.......I think. The question is....when does the pps react ?
Probably mid 2014.....my guess.
I'm interested in the cash on hand as we know the shares out are approx. 11 million after all said and done. This puts the market cap at 28m. vs 12m shown. Still not bad considering revs and cash.
The key price is 2.50 where the A warrants from the secondary were placed. Then we might have trouble trying to get over 2.75 for a bit. Any decent day brings a short covered by the warrant. Once those are all gone the stock should fly. It has to be soon. December comes with the quarterly results and an income statement. That should get some attention over here. We may just have an amazing day with millions in volume and blow right into the 3's.
The good news is that the warrants will bring the company 10 million in cash and you probably paid less that the average warrant for share exchange costs. With no debt that could be used in new store development which could go right to the bottom line.
warrants to purchase 2,530,000 shares of common stock at $2.75 per share (“A Warrants”) and additional warrants to purchase 1,265,000 shares of common stock at $2.50 per share (“B Warrants”)
There is definitley institutional selling going on into strength.
Poorly placed secondary.
Deal still looks good, but its going to take some time to chew through all that paper.
BUY into weakness and hold.
$2.00 may be a stretch but you never know.
Been watchin this co. for months and it's now obvious there's a fund or funds out there got a bone to pick with management. Must of got burned on some deal in the past would be my guess. Everytime the stock pops they come in and slam it back down. Think i'll wait for a blowout day down under 2 bucks for a an entry position.
Sad....I've heard from locals the food is good and generally traffic is heavy. Maybe the new Bad Daddys will help.
Yes it is, but just can't seem to do it. Very frustrating with all that volume yet faded away late in the day.
Any thoughts as to who is holding this down and why. Positive 26% same store sales is eye opening.
Still holding some shares and being patient. The story seems great,time will tell
just doubled down on its initial slug . . . all the Colorado capoes have been instructed to eat there regularly with their "clients."
Look for the guys in long black leather coats, sunglasses, and peasant caps Some have big pinkie rings too . . .
Did the green hatch chile Breakfeast burritos this am......bought four for my office workers!!! everyone commented ""Best they ever had"""!!!