I sold my BOBE stock about a year ago and got $37+ a share for for it, and very glad I made the move. BOBE will continue to drop as most restaurants will do the same. How can the restaurant stock earnings increase when people are struggle to buy gas and groceries? Sell BOBE before it falls out of bed like the financials are doing. Be smart and think about it. THE GOOD CHICKEN
Yes, you read this one right. Now the question is bottom of this market? I assume investors are cautious about cathching this falling knife?
In the past investors took comfort in the Bob Evans book value--about $20--with the land on the books at cost, and now inflated to current value. BUT today those values may not be all that much over the cost on the books?
I also sold my stake two plus years ago, but am somewhat impressed with the way the company continues to reinvent itself with menu selections. I still go to B/E for a pretty good value meal. Where else can you get a nice salmon, baked potato and salad for under $10?