Well, I llstened to the annual conference call today. While I am glad they do these, it seems like they don't get much participation from the public. The last couple of times, no one had any questions at all. This time, there was one retiree from Florida who said he was going to buy 100 shares for a relative or friend in Ohio and that was the only call.
It seems like management would like to increase earnings, but they really don't have a plan to get it done. They said they are doing market research to try to figure out what direction to take the company. The same store sales at GC are still dropping more that at BB, yet they seem committed to building more GC than BB. Any thoughts?
This concept is stuck in a time warp. Yes they pay a quarterly div. on a regular basis but big deal, it's next to nothing. They have a family run bussiness that is publicly held with a board of dir. that can't see poor investments.
If it wasn't for the tried and true BB this concept would be in big trouble. The GC business continues to miss expectations yet they committ to a load of new restaurants. Their new COO has a mountian to climb.