huh? would you like to try that again? I hope you and yourdangtootin bought the march dip with both fists... lol
Carbon copy of the last quarter's price action upon the earnings announcement.
Same store sales were still up at a healthy clip, new stores being opened, unseasonable cold weather during the quarter for this drive-in restaurant, all other numbers in line with expectations, and the stock gets tanked to the tune of double digits.
Good time to add to my position, me thinks.
I agree, but look at the garbage MCD serves and their stock is still in the 90 range and growth (or lack of) is just hitting them now.
Appears to me so I bought here for a speculation back over $31 soon.
Even if the quarter could have been better the 11% punishment is a bit much. I say it closes over $31 today or tomorrow.
as much as i like the drive-in concept, a lot of the food is horrible. I can hardly choke down a sonic burger. I like their sides and drink selections and the frozen stuff is pretty good. I just see a hard time getting new customers with the quality of food choices
Just out this morning:
By Brian Sozzi | Jun 11, 2015 | 11:00 AM EDT
Keep an eye on the stock into the weekend -- sixth sense is you will hear some CEO comments shortly, potentially upbeat.
Note the company reports earnings on June 22. The stock was hit hard back in March on earnings that while still strong, slowed from previous quarters.