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Kona Grill Inc. Message Board

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  • newbobe01 newbobe01 May 29, 2007 1:20 PM Flag

    Aren't you loving this?

    My best guess is 2 things are driving the action:

    1. Comps have got to be absolutely going gang busters. Remember that guidance for second quarter was much higher than previously forecasted. My guess is they will be even higher. Ca-ching!

    2. They setting up for the secondary offering later this year. The longer the stock trades in a range solid to the secondary ( previously forecasted to be in the 20-25 range), the more support it gives the offering price.

    My 2 cents for what it is worth. Anybody else, thoughts?

    Uncle Bob

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    • I agree, probably a little short covering also.

      I read somewhere that one of the major restaurant companies is looking for a new chain to take over - one with less than 100 units. I think it was Darden but I am not sure and I can't find where I read it. I would really hate to think this would be purchased and I don't think Jundt would go for it unless it was an extremely high premium. It came out about the same time of the new coverage, it is probably just a coincidence since other smaller chains haven't advanced like Kona has. This would be a very good buyout for someone though - I am glad the CEO owns as many shares as he does.

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