I bet you'll lose your shirt by the end of Oct. You have lost a bundle already. SONC is moving much higher from this point on!
Heavy distribution today around 25 means ugly week coming for SONC.AND ALL STOCKS.
Sentiment: Strong Sell
Ok so I've been seeing messages for the PennyStock101 newsletter all over the boards these past few days...At first I thought it was nonsense, but then I say decided to check it out (It’s Free). So I got an alert on Thursday for a company called QKL Stores Inc. (QKLS). Naturally I was skeptical, but to my delight it went up over 80% in just 45 minutes. They are releasing a new trade alert over the weekend. Just google "pennystock101" you'll be happy you signed up, Best of luck to all! :)
The "Street" has SONC coming in at .44 for the Fourth Quarter that should be reported on or about October 15th 2015! All post's welcome! The "Good Dr's In"!
Sonic Celebrates 7.3% Same-Store Sales Growth for Fiscal 2015
Same-Store Sales Growth for the Fourth Fiscal Quarter 2015 Was 4.9%
Fourth Fiscal Quarter 2015 Earnings Conference Call Date Announced
September 14, 2015 6:22 PM
Sonic Corp. (SONC), the nation's largest chain of drive-in restaurants, today announced system-wide same-store sales for its fiscal 2015 of 7.3%. Same-store sales growth reflected an increase of approximately 6.9% at company drive-ins and 7.3% at franchise drive-ins for the year ended August 31, 2015. The Company also announced that system-wide same-store sales for its fourth fiscal quarter increased approximately 4.9%. Same-store sales growth reflected an increase of approximately 4.5% at company drive-ins and approximately 4.9% at franchise drive-ins for the fourth fiscal quarter.
“Fiscal 2015 was a great year for our business and brand. Our multiple initiatives focused on product innovation, multi-day part promotions and effective media, all of which drove annual same-store sales growth of 7.3%. This is particularly noteworthy given our strong performance in fiscal 2014,” said Cliff Hudson, Sonic Corp. CEO. “We also completed $124 million of share repurchases and initiated a quarterly dividend building shareholder value.
After "the 3 day selling" is over ( MM's are taking some stops ), one of the analysts will come with a buy rating which will take it back to the $27 - $28 range. They increased the dividend from 9 cents to 11 cents which is a very good sign IMHO.
Sentiment: Strong Buy
Bought more today while price dropped a bit since yesterday. Since this accounts less than 1% of my total portfolio, I'll just wait and see if it turns out to be a good investment. This represents my only investment in the fast food sector. You sounded very bitter and angry about this co and its management. Did you lose big money with this co or you used to work there and got laid off? If the former, find another and better investment. If the latter, find another career opportunity with another outfit. Posting such personal and derogatory attacks won't be helpful for anyone.
cheap would be less then book value and book value is 36 cents a share. Long way for this bloated pig to fall from here. Don't tell me about share buy back because they only by when inside criminals want to sell their ill gotten shares.
The insiders at SONC epitomize the self greed in corporate America and the Government today. They give themselves stock options that cost them nothing and as soon as possible they dump them on their unsuspecting share holders. These options were to give insiders a piece of the action and align their interests with the real owners of the company, shareholders.
They only care about themselves and not what's good for the total company or America. The American representatives in power are the same as their corporate insider friends in that they only care about themselves and not what's good for America. Their greed is destroying the American dream and creating American Greed. Vote them all out as well as the scoundrels running SONC as well as other companies. Start demanding that insiders wait no less then one year to sell their stock once they exercise their options.
Thanks for your explanation, I finally picked up my first batch of SONC shares taking advantage of the selling yesterday for preliminary earnings announcement which I don't consider negative. I'll buy more if it drops further. Feeling very positive for this investment.
These guys don’t play. They gave me three winners in a row. Their website is PennyStock101 (org). Search Google for them. Sign up for free.
donuts! The American people are eating better and healthier food. I can't think of anything healthy here.
almost all of the transactions in the last 1/2 yr have been from one stephan vaughan , see following as to why , agree would like to see insider buys !Cafe Rio Mexican Grill Inc. has named Steve Vaughn president and chief financial officer, effective July 1, the company said Tuesday.
Vaughn, who was previously executive vice president of Sonic Corp., replaces Bob Baker as president and CFO. Vaughn’s resignation from Sonic is effective June 19.