While we're on the subject of other restaurants, here's one that has rapidly growing revenues but can't seem to grow profits anywhere near as quickly -- ticker symbol is EATS. Does that dilemma sound familiar? Remind anyone of DAVE? EATS has 72 restaurants and trades at a PE of 14 and expected PE of 7. Seems like a bargain, huh?
Apparently EATS is growing too fast and making acquisitions too quickly to make a decent impact on the bottom line (although they are profitable). Let that be a lesson for DAVE management.
Check the chart on EATS. Good fundamentals (better than DAVE) but the stock price is stuck (like DAVE). Many investors have given up on both companies because they haven't seen consistently increasing profit.
Maybe DAVE will prove them wrong soon. Most readers of this message hope so.
Last night my wife and I went to FD's in Chicago. Food was great; however,service from our waitress could have been better (she completely forgot the appetizer we ordered and didn't even ask us for dessert before the hostess gave us our bill). Overall it is a great place. Ribs were fantastic. Music was very good. We talked to the hostess about how business was and she said that after a slow start the last couple of weeks were very busy. She told me there were two-hour waits on the weekends. I'm sure that will help their bar business along too.
As we were walking in the door, some people were leaving and heard one of them remark that the ribs were the best he had ever had. My wife was talking to a blue haired lady in the bathroom and the lady really enjoyed the music (although it was a little loud for her) and also thought the ribs were great.
Aside from some faults in the service we were very pleased. Just wanted to pass along that I have a good feeling about this chain and regardless of the lack luster performance of this stock, I am still holding and will probably buy some more when I think the time is right.