I believe around $11 mill lease liab this year and $11 mill in 2016, the other $32 mill in years 2017 thru maybe 2022? so in summary , cosi IS UP TO ITS HEAD in lease payments thru 2016.. ugly.. I doubt anyone with a brain will wait another 1 1/2 years and $4 million loss /per qtr.. heck they'll be bankrupt in 6 months without another stock offering.. .
Sentiment: Strong Sell
the cosi competition is MASSIVE..and every two-bit competitor is TWO STEPS ahead of cosi.. that's how sad it is. you have Panera, five guys, firehouse subs, in out burger, red robin, sonic , dominos, subway, chipotle, moes, smashburger, fudruckers, potbelly, bjs, kona grill, applebees, tgi's , macaroni grill, chilis, qdoba, saladworks, Wendy's , arbys, heck I could build a sub shack and get half of cosi's traffic
agreed....at the end of the last fiscal year, they had $52 million in remaining lease obligations and all the debt comes due in 2017 I believe. They'll burn probably half the cash they had on the books at the end of the March quarter. I don't see how they get through the next 12 months without filing.
might be more than $5 mill loss.. And from what I can tell the large lease commitments don't start to go down until 2017. Sales are not turning... The problems remain under hotshot RJ---service too slow, no drive thru, no consistency in food, massive competition around cosi locations.. heck there's only so many sandwich shops that can saturate a city or town. And with poor cosi service/experience, they won't return to this. Folks will even choose a pink slime burger over cosi. it's just that bad.
This applies to 1700 Market Location.
I ordered a Chicken Margherita Pizza on line to save time.
When I got back to my office, I opened the box, to find that they forgot the CHICKEN.
Very disappointed. Cold Pizza without the Chicken,
A slight step up from 7-11 food. Coffee that won't make you vom...at the very least, it's clean. This is for all Cosis...not just the one on walnut
Btw, this is the dumbest name for a sandwich shop I've ever heard.
restuarant scale 1-5? 1.
Cockroach scale 1-5? 5.
Used the bathroom and I look up and there is a bleepin' cockroach flipped over on its back ALIVE. I mean honestly? You passed health inspection with that thing? I blame the FDA, the senator, the government, Obama, and most importantly George bush. I bet if Romney was in office cockroaches wouldn't exist.
HAS RJ ADDRESSED THE COCKROACH ISSUE AFTER A YEAR?
Sentiment: Strong Sell
bankruptcy is coming soon unless more fools show up to buy stock offerings. It's obviously bad news that Lloyd miller is dumping shares. he knows the company is a massive train wreck. heck it's always been a joke company. The balance sheet shows $300,000,000 accumulated DEFICIT. I wonder how much of that deficit paid off executive homes and mercedes?
cosi is nothing more than an executive retirement sled.
yes, they need marcus to rescue them. correct me if I am wrong, but I think the selling is just more from the Lloyd Miller loan repayment? maybe this is a good buying opportunity? I lack confidence in them, but the current pps looks some what attractive.
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selling will ramp up now.. anyone who is still holding rights shares will accelerate the dumping.. RJ has been a complete failure.. I told he was garbage a year ago... you morons didn't listen
I estimate. He has produced nothing except all-time high operating losses. Now that he has merged in his huge debts, there is little motivation for him to continue this charade. He will gleefully "resign" with exit bonus in hand... lol
Hey Meatball sub, lets do something you go short and I go long and in 3 Months we will post to see ho made money. Long at 1.71
Hey busted1964, here are some facts for you. Cosi didn't make a profit for yet another quarter, their business model continues to fail terribly, and they regularly raise capital only blow through it keeping the business on life-support, Their stores are old, service absolutely stinks and the food is over priced vs. the competition. Need more? How about their current CEO has no clue how to fix it. I wouldn't say he's stupid, 'cause the guy unloaded millions of his Hearthstone debt on to Cosi shareholders........with or without a meatball sub being on the menu.
Sentiment: Strong Sell
I do not mind your stupid posts. I use them for Laughter.
Cosi does not offer a meatball sub for your info.
Please get your facts straight.
The restaurant boom of 2010 thru 2014 has created a glut of food joints... it is HYPER COMPETITIVE out there.. and cosi is simply ill-equipped to deal with such stiff competition. Cosi does not have drive thrus, cosi employees are mostly lazy and incompetent. Most folks want to grab their sandwich and head out the door, they simply refuse to wait 15 minutes for a cosi meatball sub. Even though the quality of fast food is not good, customers will go there simply because of the speed.
Cosi cannot get rid of the leases and the labor/service and food is horrific. Even during the GREAT RESTAURANT BOOM of 2010 thru 2014, cosi struggled horribly ... how bad is that? It's amazing how the SEC does not shut this down and put executives in jail. A coffee and bread shop loses millions every year for over 12 years? really? This should have gone bankrupt 7 years ago. The whole concept and structure is corrupt /inept and just plain awful. and yet they have found suckers to invest $150 millions is this cripe.