I really don't understand why we find ourselves down in the 15's. Yes, I know the market is against us little guys, but I would think somebody with some real cash would be jumping in here . . . . .soon. Anyone got some insight?
The management guidance indicates continued LOSSES for quite some time.
'The company now projects a loss of 7 cents to 17 cents, an improvement from its prior projection of 8 cents to 29 cents per share.'
Wall Street rewards profits (see RUTH) and punishes companies that are unprofitable. That is why you are in the $15s. Besides, there is NOTHING special about this chain or the menu. It's a glorified Applebee's with some dangerous raw fish and some imported vodka behind the bar...big deal..................................NOT!
As a side note, DILUTION is on the chalkboard and the timing could not be worse. Gee, where is the $19 bidder from just a 2 weeks ago ?