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?
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.