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Famous Dave's of America Inc. Message Board

  • rantoul24 rantoul24 Aug 3, 2009 11:59 AM Flag

    Stable finances, weak operating environment

    Sums up the latest report. Company has authority for 1 million share buy back with 70,000 already bought and 930,000 remain to buy. Finances and possibility of buy back support the market value, but the weak operating environment creates uncertainty, new store openings may be offset yet to be revealed franchises suffering financial stress; eg closings. Increasing beverage sales is only an incremental opportunity. Company planning new food sides to deflect perception that BBQ is not healthy. Kudos to management for the steps taken, but leaves this investor wondering What is the business direction?

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