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Frisch's Restaurants, Inc. Message Board

  • mikeyspeaksok mikeyspeaksok Oct 18, 2011 7:36 PM Flag

    Was this eps announcement as bad as it looks

    Even if charge was 60 cents after tax, we are talking a drop in EPS from 54 cents to 16 cents excluding the charge with similar sales levels. I don't know what the $310,000 (6 cents pre-tax) thing was for stock given to the CEO for advertising (sounds a little weird). That explains more loss, but on the other hand opening costs dropped over $250,000 which should have helped FRS. This is a real stinker. Golden Corral must just be imploding, hence the desire to sell. I just wonder what they can get for their buildings in what has to be a bleak real estate market. As thinks stand, I suspect they may only be able to salvage $15 to $20 million max on the whole Golden Corral business, which then begs the question of what the Frisch's business is worth and how big a hole the pension is in. It will be interesting to get a good look at the 10-Q statement. I thought this might be a mid 20s stock, but am having definite misgivings. Any long time followers out there with some insight?

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