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Sonic Corp. Message Board

  • AlMlk AlMlk Jun 24, 2009 3:49 PM Flag

    Beat earnings, BUT the outlook and business are declining. Read the repor again.

    Two analysts cautious on Sonic due to lackluster third-quarter same-store sales results
    On Wednesday June 24, 2009, 9:10 am EDT

    I would sell before the market closes today if I am long. It will go back to below 9 in a few days.

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    • The analysts have not changed the next quarter estimates. No way that SONC will meet 27c earnings and 176.62 revenues. The same stores sales are down more than 5%. SONC will be lucky to have $160M revenue next quarter. Sell at high, buy at low. SONC is a STRONG SELL at above 8.50.

 
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35.26-0.17(-0.48%)Apr 28 4:00 PMEDT