Margins are under pressure and sales are dropping. Minimum wage increases just started in July and that is going to be a big impact in the future and "the deleverage from negative same-store sales" they keep quoting is going to get worse and worse.
Do you think they dramatic cuts in labor hours combined with raising prices is going to help in this enviroment? Where do see the "earnings to grow" coming from? They are scraping the bottom of the barrell to salvage what they can. They made a mistake buying Mimi's and it is going to weigh on earnings not grow them. The bottom line is you have a shrinking company with too much debt in a horrible operating enviroment for the next few years.
They get an "a+" at getting the eps @.52 and cutting expenses. Very happy to see that management is working hard to stay in line with analysts, despite economic conditions, which in fact are improving.
Other than YELLING AT THE TOP OF YOUR LUNGS, what do you see that I am missing? What is going to make this go up? What is a positive in this release?
Make an arguement rather than shake your pom poms.
I keep a spreadsheet on BOBE and other casual diners and read 10Q's, 10K's and their presentations. I do this so I can see without bias how they are doing. I am only asking you to give me a contrary view with some basis.