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Cracker Barrel Old Country Store, Inc. Message Board

  • no1matemary no1matemary Oct 24, 2012 4:07 PM Flag

    What is a good buy in point

    from here? RSI so low! Are we done??

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • efmutton@bellsouth.net efmutton Oct 24, 2012 4:37 PM Flag

      Lots of things happening right now,I feel kinda shaky as a stock holder.I would say wait until after the board meets in middle november.Who knows what this guy BIGLARI who holds 17.2% of the outstanding shares will do (hold or sell).CEO Woodhouse is stepping down on Nov 7th and has been selling his shares,he held 430,027 not really a ton but he's selling....If Biglari don't get elected to the Board he may just dump his millions of shares and down goes CBRL big time...
      As far as the company as a whole it has done a super great job in years past,but once again who knows?

      • 3 Replies to efmutton
      • Bought some today on downward motion and happy I did.

      • If he sells right now wouldn't he take a loss? So why sell?

      • efmutton@bellsouth.net efmutton Oct 24, 2012 4:41 PM Flag

        Insider buys

        Sardar Biglari purchased 34,000 shares on October 12-15, 26,528 shares on September 17-18 and 48,244 shares on July 23-25. Sardar Biglari currently controls 4,121,037 shares of the company. The company has 23.5 million shares outstanding which makes Sardar Biglari a 17.4% owner of Cracker Barrel Old Country Store. Sardar Biglari has purchased 1,837,050 shares since January 2012.

        Financials

        The company reported the full-year fiscal 2012 (ended August 3, 2012) financial results on September 19 with the following highlights:

        Revenue $2.58 billion
        Net income $103.1 million
        Cash $152.0 million
        Outlook

        For fiscal 2013, the company expects total revenue of between $2.6 billion and $2.65 billion and earnings per diluted share of between $4.50 and $4.70. The increased revenue projection for fiscal 2013 reflects the expected opening of 12 new Cracker Barrel stores and projected increases in comparable store restaurant and retail sales in a range of 2.0% to 3.0%. Despite expectations for increases in food commodity costs of between 5.0% and 6.0% for the year, the company projects an operating income margin of between 7.3% and 7.5% of revenues. The company expects depreciation expense of between $66 million and $68 million, net interest expense of between $36 million and $38 million, and an effective tax rate of between 32% and 33%. The company expects capital expenditures during fiscal 2013 to be between $90 million and $100 million.

        The company expects to report earnings per diluted share for the first quarter of 2013 of between $1.00 and $1.05.

 
CBRL
96.53+0.62(+0.65%)Apr 24 4:00 PMEDT

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