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Cracker Barrel Old Country Store, Inc. Message Board

  • yahoo yahoo May 13, 2005 12:01 AM Flag

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    • Guys, I know each every one of founders of CBRL.
      Evans hasn't got a clue as to how to right this
      ship.

      CBRL's may be packed, but food delivery time far exceeds
      industry accepted standards. There are not enough 'turns'
      during the course of a day to support the expenses
      associated with a CBRL physical plant. If the average time
      to serve a customer is three times what it should be
      (in the door/out the door), then its pretty easy to
      understand the long queues.

      That's not how you make
      money. I would much rather fill that seat with three
      different butts in the service time currently allocated for
      just one customer.

      Even if you cut service time
      to 1.5 of what it is now, your gross receipts should
      be up 200%. Assuming an appropriate improvement in
      server and kitchen efficiencies, you will be putting
      more profit on the bottom line. A side benefit of this
      , and by the way it cost you nothing, is the
      customer is a lot happier.

      • 3 Replies to knigell
      • Since you know all the founders of CBRl I was
        wondering what Dan Evins thinks of this evans guy you
        mention that is running a ship for him?
        I don't know
        all of them I guess and Don't know this Evans guy you
        speak of at all. Perhaps with your knowlegde of the
        founders of cracker Barrel you could enlighten this board
        with what this Evans does there.

      • I have eaten at a dozen Cracker Barrel
        restaurants in the past two years - Albany, Dallas, Tenn, OK,
        Co ... and I have never been disatisfied with either
        the service or the food. And I am not easy to please.
        That is why I bought the stock.

        Personally, I
        think that CBRL needs to do more advertising to better
        fill the restaurants. There are only two ways to make
        more money in ANY business. 1. Get the current
        customers to spend more. 2. Find new customers. CRBL should
        focus on both. For the current customers, I would have
        more food to go so that those that stop for breakfast
        could also pick up a box lunch or snack for the car. I
        would also do a good review of the stuff in the front
        of the store. To me, it appears that they could put
        a lot more stuff that would sell like books and
        magazines in place of relish and sasparrilla. Also, I think
        they shoul open a web site to allow people who think
        the old timey stuff they sell is neat, to order it
        from home for gifts etc.

        And, as far as new
        customers, CRBL should work with Ryder, Uhaul, and Budget
        and give any truck rentor a free cuppa Joe for stopen
        at CRBL. I own stock in Uhaul (it is actually
        Amerco) so I can tell you that they alone facilitate 11
        million moves a year. They also need to advertise on
        radio stations (so people in cars hear it) for those
        restaurants that have soft business.

        Remember the
        problem here is revenues, not quality of service. Cracker
        Barrel wins awards for the quality of its restaurants
        every year.

        Regards,

        b d:>)

      • I don't know the founders of CBRL even though I
        live in the area of the home office too. What I do
        know is, once I am seated at a table ready to be
        served, if you want to offend me, try rushing me out of
        my seat. Nothing.........and I do mean NOTHING....
        makes me any angrier with a resturant or
        waitress.
        After waiting to be seated, the last thing I want is
        someone trying to make me gulp my meal down or main line
        it into my stomach. Get real.............are u short
        this stock. If so, I have no problem with that, but
        let's be realistic and accurate in teh things u are
        posting.

    • It goes a lot deeper than simply avoiding taxes.
      It has a lot to do with a person's integrity, sense
      of right and wrong, etc. This one item in this
      particular director's life is not enough to 'hang him' so to
      speak. However, digging just a little further you will
      find that this is the norm, not the exception for this
      individual.

      CBRL has a great concept and should be wildly
      successful in these opulent times. There are multiple
      problems that are preventing this from being
      so.

      Inept directors, by themselves, do not necessarily mean
      a company is going to do poorly. Nor does excessive
      levels of middle and upper management, poor concept
      execution at the customer level, not listening to the
      customer, etc.

      But if corporation has all of the
      above problems at the same time (like CBRL), then it's
      pretty easy to see what's happening.

    • From your postings, it sounds like you are an
      expert's expert in the restaurant industry, and very
      familiar CBRL management and CBRL's operations. (What was
      the source of the restaurant comparison statistics
      that you allege to be true?) Have you considered
      hiring yourself out to CBRL (for monetary compensation)
      to inform them of s-p-e-c-i-f-i-c-s of how to
      improve its operations and profits? Have you consider any
      formal shareholder proposals, e.g. naming yourself and
      other like-minded persons as directors? Have you
      considered any affirmative positive act to improve CBRL? If
      so, what?

      It is my humble understanding that
      one, e.g. a director of CBRL, may engage in legal acts
      to lower income taxes. Some persons set up foreign
      trusts. Some even take valid deductions for medical
      expenses. Are we supposed to become disgusted that a recent
      Mexican citizen (per your comments) is allegedly a
      Director of CBRL? (Was there some racism hidden in the
      comment?)

      If one only considers your comments as to
      the ability of CBRL management, one would have to
      wonder how CBRL ever expanded to its second
      location.

      It appears that you have a short position in CBRL
      stock and desire additional profits by making
      undocumentable negative comments. Otherwise, what is your
      incentive to waste your time on this board?

    • First, either you're a genius or an idiot to have
      extrapolated what I posted to the drival you posted in
      response.

      First rule, read everything associated with a subject
      before rendering a comment. Also don't ever accuse
      someone of being a racist because he questions a person's
      motives for surrendering his US citizenship because of
      tax liabilities. That was a very stupid
      comment.

      Next rule, I have considerable documentation that
      dates back to the incorportation of CBRL (not what is
      now know as the Holding Company). Where is your
      documentation that what I have said is wrong? It sounds like
      you have a chunk of stock you bought @ $22, saw it go
      to $30, thought you would wait, then saw it tank
      where it now sits just below $16.

      Try a very
      common source of information such as Restaurant News and
      you'll be amazed at the statistics you may glean. There
      are several others with much more detail, but this
      one is very common.

      Evans has been offered
      several proposals and has turned a deaf ear to them all.
      You can't force someone to take your help if they
      think everything is just fine.

      This isn't rocket
      science..........just think!!!!!!! You can't go from $30 to $16 dollars
      per share then oscillate up and down by 2 bucks each
      way for the last few months and not recognize that
      there are problems.

    • a good stock is one that will someday have
      thousands of crowded restaurants/gift shops across the US
      with a large enough presence (brand name) to cut back
      construction costs without fear of competitors impedeing on
      its revenues and earnings. Is CBRL that stock?
      Damifiknow but this is the same business model that was
      wildly popular with investors two or three years ago? Of
      course there are hundreds of "better" stocks but this
      one has an irresistable low risk factor at this
      level. Yea I'd say it's a good stock.

    • Thanks for your reply. Almost all was inaccurate.
      Further comments will be deferred.

      I was
      wondering what your motivation was for attacks against CBRL
      was/is. Does the phrase "Evans has been offered several
      proposals and has turned a deaf ear" mean that at least one
      of the rejected proposals was offered by you?

    • First off, get your facts straight. No one was
      slandered, I believe the word 'allegedly' was used several
      times. Also this information came straight from the CBRL
      hometown of Lebanon, TN from several different individuals
      who, if you knew them, you would find difficult to
      impeach and no, the US State Department will not give out
      this information.

      You're letting emotions get
      in the way, not a good idea when dealing with any
      stocks. The reason for having discussions on this thread
      is to determine what information each of us may or
      may not have concerning CBRL. It's not a place for
      personal attacks by you or anyone else.

      You run
      things that you hear 'up the flagpole' for discussion.
      Sure, I may inflame you by posting what I have heard,
      but I certainly don't do it out of malice, it's out
      of concern. You should be far more concerned about
      why the rumor mill is generating this material as to
      playing shoot the messenger.

      And lose he has,
      seeing where the stock is now.....so what's your point?
      I'm not seeing any indication that this has moved him
      or other board members to act.

    • When someone is accused of trying to avade taxes
      in my book that
      is slanderous.
      One board
      member dose not make policy, so how can you expect to

      see indication from him?? You can be assured that he
      is very concerned about ALL stockholders and the
      performance of the company to their benefit!!!

    • I usually don't talk about books, but I found one
      in a library recently called "Hide you assets and
      disappear. Wow, seems like a lot of rich and worldly people
      have been doing things like taking assets out of the
      country for a long time. After scanning this book, It
      seem to be useless to get all upset about a board
      member (or anyone else )going to Mexico or elsewhere
      with his own money, if he is not breaking laws. Seems
      that this is one of the things that rich people do in
      order to stay rich. Never been rich, but it must alter
      your thinking and of course enable one to pay creative
      accountants and lawyers to help you save your money. For me,
      the important thing is, who is managing the store
      while the board members are away. We little
      stockholders don't want to be left holding an empty bag full
      of no biscuits. And I really don't expect that to
      happen. I prefer to stick with monatary judgements. I am
      not a good enough person to judge others, are you?
      (besides I did not think we were supposed to, that is not
      OUR job)

    • I know this doesn't have a thing to do with CBRL
      so please
      accept my apologies.
      Making money is
      the easy part ,holding on to it for you and
      your
      heirs is another game.
      If you don't become adept at
      yor assets protecting from a greedy IRS bureaucracy
      you will lose a big share of your investments and

      savings to an overly aggressive tax code.
      This is not
      the forum for discussing these matters so I wiil
      shut
      up now.For more
      info:http://www.fairtax.org/home.html
      By the way I own CBRL and purchase thru their
      DRIP.
      csun

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