Let's hope Monday's call includes some evidence that this "growth stock" is actually going to grow at least 1 if not more units in the near future. They have had more than enough time to find at least 1 decent location. No more stock buy backs. Let's start actually growing the business by adding some units. Enough of Berke's "when we feel the time is right" crap.
BTW- 100 units is what Berke said was their target on the last QTRLY conference call and is consistent with previous "guidance" on what management has consistently said since the IPO their growth target was. It will be interesting on the 6th to see if they reiterate that target. And even more interesting if they were to announce some actual future locations! We can only hope!
I'll happily take 2 or 3 in the next year. And worry about the 100 later. Decided to lock in some gains today (yes, gains) in my IRA. The stock has moved a little too far too fast IMHO. Will be looking to increase on a pull back.
The call was very disappointing on the subject of new locations. Berke said when he got there 6 monts ago, there was nothing in the pipeline. Now he says it is "considerable", but in the same breath, talked about 2013 or 2014. Makes no sense. Although he did say that ultimately, he thought 100 units were possible. Share buybacks won't get them there. Like I said, very disappointing.