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Ark Restaurants Corp. Message Board

  • revotstover revotstover Aug 10, 2012 10:32 AM Flag

    down .65 on no volume

    that's a new one for me

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    • OK:

      Let's try this for the fourth time....Yahoo! has been eating my postings.

      I've seen ARKR move a point on little volume before. When there is little volume, ARKR can move a lot.

      Earnings came out Friday night. They look fairly good. Earnings were $.91/share. TTM month earnings are now at $1.35/share. SSS were up about 4%.

      Cash flow was EXCEPTIONALLY STRONG, it was $5.3MM for the quarter. Cash flow for the trailing 9 months was about $8.9MM, which is $900k MORE than the TOTAL amount for last year.

      I am going to guess that we will see cash flow of close to $14MM for the year. We could end the year with $7-$8MM in the bank.

      If my assumptions are correct, ARKR's enterprise value/$ flow is just above 3.

      However, there are a lot of variables coming up.

      A). Have the big cash flow items come back to ARKR? Specifically, the insurance claim from the Washington DC flood, and the landlord's allowance for buildouts at Clyde's.

      B). Will there be substantial cash needed for Basketball City & the Museum of African Art. Probably not, but not sure about that.

      C). What is going on with the prospective expansion projects in Vegas?

      All in all, ARKR is making good progress.

      Any thoughts?

23.09+0.07(+0.30%)Jul 26 3:55 PMEDT