I'm guessing the review is somewhere at
www.suntimes.com A mostly positive review, and an interesting one
for investors -- the food is praised, and the
reviewer describes the huge crowds on weekend nights. I've
been to a few of locations in the past few weeks
(Burnsville, MN; St. Paul, MN; somewhere in Wisconsin south of
Madison; and the Chicago, IL location). The ones I was at
during odd hours (2 p.m., 10 p.m.) didn't have much
business, but during peak hours they were doing well -- and
in every case the service was extrordinarly friendly
(without the forced feel you get sometimes at a place like
TGIFridays). I went with other people on these visits, and
anyone who had been to a F. Dave's before (3 people) was
excited about going, and anyone who hadn't been there (3
people) not just enjoyed but loved the food.
visited the Chicago, IL location on a lunch hour. I was
working a few blocks away, and they have a take-out
window -- there are enough businesses within walking
distance that this could catch on.)
Which brings me
here, knowing little about the co.'s financials and
owning no shares (yet). But I hope these on-site reports
I run a restaurant that feature ribs. Most of my
winter customers come from Chicago & Milw.. In Chicago
the word is "Carson Ribs". Dave will have a tough
time compeating with the Chicago standard I've heard
from my customers. I have owned this stock sense
conception. I do not wish to get into a contest but if I
would have tasted Daves Ribs before I bought the stock
from my broker in the Pentagon office complex in
Edina, I would never have bought. I guess I am lucky, I
got to sell off some options which means I am only
down $6.00 a share. I am a sligent long term holder.
But I just wish to let you know there is a difference
between cheap ribs and baby backs 11/4 and down for those
A ribfest, is a ribfest, is a
Last year, I believe it was stockswap, who said while
talking with Dave Anderson at the Minneapolis ribfest,
Dave told him that the beans were just "Bush Beans"
straight from the can. Well, as of today, I've attended
two ribfests and I must agree. The beans served at
the ribfests in which I've attended are not the
Wilber Beans served at the "Famous Dave Restaurants" So
forgive me stockswap or whomever it was who reported here
that the beans were "Bush Beans" straight from the
can. Maybe they are.
Now, for the ribs at
Mankato, my choices are;
# 1 Famous Daves
2 Camps 21
# 3 Lone Wolf
# 1 Famous Daves
# 2 Famous Daves
If Dave doesn't quit farting around with
expansion for a couple years and worry about same store
sales, the light at the end of the tunnel will be a
proctoscope and this stock will get flushed with the likes of
planet, rainforest, and timberlodge. they all tanked
because of the visions of grandeur and getting more
stores than the bank could handle.
I am long and
have been long ever since the thing hit $1 and change.
I'd like to see $5 some time so I would feel like my
patience has been rewarded.
Right now the only thing
good about Dave's is the BBQ sauce.
I'mmmm baaaack.Word is that Lanham wanted broader
menu and lodge.
Anderson (and O' Dowd) will focus
on shacks,bbq and possibly get into franchising.
Corporate G&A of 15.8 is killing them. Staff was reduced
but too many consultants and studies. The Chicago
Blues Club sales are slowly increasing but not there
huge investment could make or break FD,
jury is still out. Most
of the ops folks seem
pretty happy, kind of waiting to see where
go. It really is an awesome concept but their cash
position is getting weaker and weaker. I wish them well,
a talented group of very dedicated
people working there.
Remember DAVE was hovering in the 15-20 dollar
range not a long time ago. Now, is at a grand total of
approx $2.50. Who will step up to bear that on his chest
How much damage can the guy do
to the company which is already looking up into the
light at the end of the tunnel of deficits.
don't think turn around is the proper term, but maybe
enhance the direction they are already
Cheesehead And Proudofit