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Famous Dave's of America Inc. Message Board

  • casual_observer_27 casual_observer_27 May 17, 2014 9:10 AM Flag

    What is DAVE worth?

    When Darden sells an out of date brand like Red Lobster for $2.1 billion if makes me wonder what DAVE could sell for. Red Lobster has 700 locations and Famous Dave's has 196 locations. With a market cap of $210 million, Famous Dave's is selling at 1/10th the price of Red Lobsters selling price. Famous Dave's is the leader in the BBQ sector and a has a very strong and dedicated customer base. Considering the Red Lobster pricing, DAVE should be worth at least $500 million.

    Sentiment: Buy

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