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Kona Grill Inc. Message Board

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  • newbobe01 newbobe01 Aug 21, 2007 11:42 AM Flag

    Don't understand why we are in the 15's

    Do we have someone out there beside a complete Moron who has proved time and time again he has no idea what he is saying?

    Uncle Bob

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    • 15's seems too low to me too. I am guessing that the plans for growth need to be a little clearer. I know they have 2 restaurants scheduled to open in 2007, but what about 2008? It's not that far away. And do they need to take on debt or do a secondary to make the growth happen? It's a little unclear right now. Q2 was great and I suspect they can beat their Q3 guidance (rev 18.7-19.1M, eps -0.02 to +0.03), so I think restaurant operations are going well. I would like to hear about new restaurants for 2008 and how to fund future growth. I suppose an anxious investor might bail here with this being unclear at this time. I am willing to ride it out and see what management can put together for a growth plan.

      • 2 Replies to InStockNow
      • InStockNow,

        FYI- Kona will announce their 2008 expansion plans at the 3rd quarter conference call. The said they always announce the following years expansion plan on the third quarter call. I still don't understand why we are trading at these levels, but being a long term kinda guy, I guess I will grin and bear it with the comfort of what's to come down the line.

      • I got out shortly after the qtr was announced - could not see a catalyst driving it up further in the short run. We know opening will be near end of qtr 4, and the fact that they may have to borrow bothers me.... I know many on this board want to see debt, and I believe at these levels a secondary is not an option, but this company is way too young to have debt on the balance sheet. If consumer spending drops this will spiral downward with a balance sheet loaded with debt. At these levels I am looking to get back in again but would be more comfortable if we had some guidance - which won't come until 3rd qtr is announced apparently - will most likely give it a few weeks to see where it bottoms and begin accumulating again. Anyway, I am putting my money to work in a couple different sectors for the short run (buying some oil drillers and gold mining companies at these levels). I will be back in and will not feel bad if I miss a 2 point gain in one day because I feel 5 - 10 years from now this will be a good stock to own IF management executes well. Good luck!

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