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Kona Grill Inc. Message Board

  • newbobe01 newbobe01 Jan 10, 2008 4:10 PM Flag


    Interesting pre-announcement. Anyone have a view of any after hours trades on KONA?

    Uncle Bob

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    • Is that jackass still here??!! I assume it is reinsurance - he is on ignore. RUTH is the worst restaurant to be in right now - with acquisition of two more chains, millions in debt already, no cash - and they can't even do a secondary because the price is so low! There is NO way they can build out the Mitchel and Cameron chain without cash. If I owned those chains I would not want to be taken over by a dog of a company as RUTH. It has itself in such a hole that it will not get out unless it gets taken out by private equity - and who would want it in this environment?

      Stay where the growth is - not where it has been. Kona has long way to go and with the pull back the gains from from anyone buying here are going to be much greater if you hold on.

    • Given the recent decline in stock price I would say it was pretty well expected. I have visited the Carmel location several times toward the end of the 4th qtr and was surprised at how slow it was - some of it was due to the construction there but not all - it is simply a bad environment right now for retail. The overall numbers are not bad! Where KONA is currently trading (below the IPO price) it is a steal - looking long term. If you are a short term trader then chances are it is going to be depressed for another qtr. I am still long and will be adding more - I am heavily invested in Gold and Gold miners (as you can see my pick for the Crappy stock contest on this board) once the gold play is done I will be backing up the truck in KONA. Looking a few years down the road we will be so much higher - unless the Great Depression 2 hits the economy again!

      I am pleased that management is willing to throw the bad news on the table and let the stock play itself out rather than surprising us at earnings. Most likely they announced this because of the 2 investor conferences coming up. Will be interesting to hear how things are going. I will be visiting the Carmel location again tonight or tomorrow and will talk to the manager there.

      Good luck and keep thinking long term - KONA is not like RUTH and others that have a lot of debt - we can withstand this short term downturn in the market.

      • 1 Reply to coawine1620
      • RUTH has debt, true enough, but they also have 100 MORE locations that KONA, and if you include Mitchell Camerons, they have more than 130 MORE locations that you upstarts. I'll be laughing as you attempt a 'build out' and run into permits, zoning, cost overruns, etc.
        The other reason that KONA has less debt is because you DILUTED with a PIPE offering, but those chumps are now WAY underwater...or should I say...thrown into the volcano!

    • thats not so bad. .8% decline in SSS, and only guided profit down a penny.

      But some yutz after hours still feels the need to sell it lower. In my mind, the decline from 18 to 12 had to be about fear of a lot worse than a penny decline in guidance.

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