shows up stoned with various body piercings, the manager says "good to see you, thanks for coming today" Remember also the restaurant business is a breeding ground for substance abuse/cash theft. If you do not believe it, reference Tues 09-14 WSJ front page labor
column towards the bottom. That is why in good times, customers come in for the one experience and then the thrill or curiosity wanes. When times turn bad, the corporate parties dry up. So whatever the climate, restaurant stocks never win. DAB grows sales by opening new stores, NOT by same store repeat business ! ! Wake up folks ..... costs go up at existing stores while sales level off. so restaurant investors lose except for the bartenders skimming cash.
Not trying to attack you personally, checkbouncer, but your msg fm this evening has got to be one of the strangest arguments I've ever heard. I've read it 2x and still am not sure if I understand your argument. All restaurants lose money regardless of the economic climate? The only people making money are the bartenders who all skim cash?? Hmm. Not sure I can agree with that at all. If everyone loses money, why do so many people continue to open restaurants??? In the 1990's, I think there's more of a time-cruched-lifestyle than ever, and I know less and less people who cook.
DAB serves good food, and people eat there more than just once (I doubt the "thrill or curiosity" of a good dinner "wanes"). Why don't you visit a few DAB's and see what you think in person? I think you'll walk out of there with a different mind-set.
Sharp High Heels: regarding your question the other night on assets. The company is required to list them at the purchase price -- they can't put a new value on the land. They're not trying to sandbag, or deceive shareholders. It's just that historical costs are objective, and current market price is VERY subjective - would lead to a lot of manipulation and bad stuff since mgmt always wants to present the "best side" to the public and the shareholders (not that I blame them).
DAB is fine - hang tight and don't sell your shares at these grossly undervalued prices.