Didn't think it would get there again but thanks. Will short every point up from here. Any short with average 49+ is easy money. Maybe the crooks will keep this high until the end of quarter to dress their books, but come April, this thing is going to 40-45 at the very least. I suggest longs take caution. Holding a 50 pe resturant stock when its group is showing signs of a top, and perhaps the overall market index as well, is a risky venture. Currently shorting high pe consumer discretionaries into the summer when gas might hit 3 bucks in many places. I will cover when analysts start raising energy concerns. Buy low sell high. This market has topped. Good luck!
Longbread, Do a little homework and tell me the stock performance over a 3 year period AFTER a restaurant stock's pe has hit 50? It shouldn't be too difficult as not many restaurant stocks have ever traded at a 50 PE....
If you are going to cheerlead, at least give your audience something to compare it to. The shorts have plenty of "historical similarities" to use....how about you?
Have we seen the analysts revise their earnigns yet?
As I've stated numerous times, this stk, because of its smallish float, is very easily manipulated. FIDO, SSB, etc can keep this puppy up here for what could end up seeming like forever. The stk is worth $40, maybe. But that doesn't really matter. If is ever cracks, it will be a free fall. However, I'm beginning to think the company must miss and miss big to have it happen.