Sergio simply did what most smart investors do...protect your position; take a little profit. Sergio still owns a gang of shares and is holding them. The casual dining market remains hot....THIS STOCK GOES HIGHER!!!!!
I can't knock you for your opinion, in which you obviously believe. However, all research engines that I have used, including line by line balance sheet, cash flow, etc research, show valuation at over $7 and a rating of buy. I get the feeling that you shorted this stock, thus your strong negative statements. You have the right to your opinion, and have taken a chance at shorting this stock. However, research predicts...WE GO HIGHER!!!
I do wish you luck though...cover and buy back on the next dip..
Bart sold out at $3.12. Shows you how much outside directors know.
Sergio sold less than 10% of his shares.
The local TGIFs have been packed all this month, which is unusual here in the Northeast, as many students go back to college in mid August and the rest are at the beach enjoying the last few days of summer.
It has also been a terrible year for the movie industry. Guess more people are eating at TGIF on their dates rather than going to the movies. TGIF started off as a pick up joint back in 1965.
Anyone go to the California or Arizona TGIFs?
Any feedback from the west coast would be appreciated.
Compare the price of a meal for two at a place like Outback, PF Chang's, Etc to TGIF's. When the money belt tightens, we cut stop dining at the higher end facilities and begin (or continue to dine) at the TGIF's, etc. TGIF still offers a great atmosphere that you'd feel comfortable taking at date (at a great price, I might add). The other alternative is Burger King (NOT!). All indications say we go HIGHER!!!! Do your own research...I should have seen this when we were at $4...see ya at the top!!!