It's never busy, but Joes,Champps,Hops and Don
Pablos are busy.
Re: price drop from 17 to 9. I'm
guessing part of it was margin hits as the stock gapped
down, forcing clearing houses to sell off stock to
satisfy margin requirements. (IMHO)
Charts- Maple Grove is the location I referred
to. Every time I've eaten there the dining room is
full and 10-15 waiting, usually around 7pm, maybe some
are carry outs.
Re: My post on catering
popularity-have no figures, just word of mouth and observation.
A number of us could explain what happened. In a
nutshell Dave's functioned like an internet stock. Rapid
growth, no earnings, large losses, but good pumping by
dain rauscher and co. Then the earnings started to
roll in and were not what they expected. I have an
original dain print up of daves with their $30+ price
projection. But reality hit and now it trades where it
should. They may succeed, but the days of the rapid
growth are over. That is not necessarily bad and
management has become much more focused on doing the right
things for the most part. Please read the old messages
to see the positives and negatives associated with
this stock. I won't buy it, but that means nothing.
Good luck to all on the board.
My hunch is that after its IPO, DAVE had a
continuous and mostly upward movement until its overall
high, Sep 97, of 21.125. After reaching its highest
peak it progressed downward for a couple of months and
then on Dec. 16 it collapsed from a close of 17.0625
on the 15th to a close of 9.625 on the 16th. An
explanation of WHY I'm sure is out there, but from what I've
gathered its like with most if not all IPO's there are
what are called "speculators" who will purchase some
shares only with the intention of selling whenever the
mood strikes them or after a certain amount of profit
is achieved. LEMMINGS, DAYTRADERS,
SPECULATORS,etc.etc.etc. I'm an "investor" and I'm in this wagon train for
the distance. A long, long ride. I know I get mad
every once in awhile about DAVE, but if you'll check,
you folks will see it's mostly about the food not
profits or earnings or whatever. I figure right now DAVE
is in its growth phase and the money I put into it
isn't needed for our current expenses or for those
anywhere in the near future. Thanks to whomever it was who
left the URL for the article which has DAVEs plans for
further expansion and some probable profits. Firm control
is finally taking hold with DAVE.
According to the quarterly report dated
GRAND PINES RESORTS, INC.-Grand Pine Resorts,
Inc. (Grand Pines) is a company wholly owned by the
founding shareholder of the Company. The Company charges
Grand Pines a royalty of 4% of its food sales and
provides certain management services to Grand Pines for 3%
of its food sales. Now I don't know if all is still
the same or if there has been any changes, but that
is how it was.
I've just been going over some info on DAVE's and
don't know why the stock went from $17 to $9 one week
in December of 1997.
Is there anyone out
there that's been following DAVE's that long that can
tell me happened then that made it drop so
dramatically so quick?