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Bob Evans Farms, Inc. Message Board

  • afitzho afitzho May 8, 2009 12:17 PM Flag

    BOBE Is A DEBT BOMB Waiting To Explode...

    Tick......tick.......tick..............take a look at the balance sheet and the short term debt coming on hand is dwindling, and same store sales don't inspire much confidence.

    See you at $15

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    • Afitzo:

      You seem not to understand. BOBE is a Peter Lynch stock -- "buy what you know" -- Warren Buffett said it too. Financials just don't matter, its that good food and service that count. Mabel and I been eating there since before the Johnstown flood and we ain't been poisoned yet, knock on wood.

      Never mind that BOBE's been limping along for months now with negative working capital and that bundle of debt due, never mind the $51 million they dropped last quarter, never mind their rust belt focus and the business downturn, never mind those things. Heck, should be no problem borrowing money against their real estate, we all know the value of stand alone restaurant buildings in a downturn and the banks plumb full of cash waiting to loan.

      Keep your eye on them good eats. Buy what you know.

      • 1 Reply to diogenes1234
      •'ve convinced me to cover my BOBE shorts......I completely forgot that the Rust Belt is in the midst of an economic boom right now........analysts are expecting food prices to rise significantly over the next 6 months, and this will only help BOBE's bottom line since they can easily raise the prices on their entree's 75% or more without any repercussions from the wealthy consumer. Thanks for showing me the light. BOBE to $100. No doubt.

    • This has got to be a poorly run company...the reason I say this is, in the DFW area, there are few "good" breakfast restaurants. I considered the local BOBE worth the drive and wait for a table...they were extremely busy whenever I'd eat there. Next thing I know, they shut the place down, citing cost cutting measures. How the heck can a restaurant which is packed with customers lose money?

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