After being in the business for decades and doing well, they now have to worry about quarterly results. So, I believe that they lose those very qualities which made them successful. They will be just another food retailer in a few years, straining for a few pennies on the dollar.
I love seeing this stock go up, while you jerks spew your bullshit. You may have your day, but I really hope you get caught in a squeeze.
I have no position in this stock. I was hoping it would drop into the thirties again for my buy. Just a lost opportunity. I too, am surprised it is still going higher. I never thought it would see $50 this quickly. These stores are doing unbelievably well, though. Go out and look for yourself and you'll see what a mistake you have made.
Once techs take off, you may see some money flow out of this stock. I think individual investors see this as a safe haven from the volitile tech stocks for the time being.
I keep hearing how the stores are doing unbelievably well, but I still don't get an answer as to why the shareholder doesn't see any of those profits. Operating margins are lower than almost any chain in the country, while return on assets and equity are also poor.
Longs can continue to attempt to support their position by claiming "its not a restaurant stock", but the major information services all classify KREM in the same boat with YUM, MCD, JBX, CAKE, SBUX, etc. Plus, if KREM is not a restaurant stock, and the returns aren't as good, the P/E should be lower, not 5 times as high.
Enjoy life at 50 while you can, payback is a bitch!