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Famous Dave's of America Inc. Message Board

  • jay_swanman jay_swanman Feb 11, 2014 3:54 AM Flag

    is it going higher if we beat earnings? as its almost to its 5 year high??

    does earnings look good?

    Sentiment: Strong Buy

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    • Actually, DAVE is nowhere near a 5 year high. They've bought back 1/3 (4 million shares) of their shares over the last 5 to 6 years. When the stock was trading at $20 five years ago, the market cap was 12,000,000 shares X $20 = $240 million. The market cap now is 8,000,000 shares X $21 = $168 million. The share price would have to go to $30 before it reaches the new 5 year high. As for the plans on who the new CEO will be, listen in to the conference call on Thursday morning to get some indication. If the stock goes up before then, it is more a matter of a short squeeze than earnings related.

      Sentiment: Buy

5.34+0.03(+0.56%)Sep 23 4:00 PMEDT