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Ruby Tuesday, Inc. Message Board

  • imd85 imd85 Oct 10, 2012 4:44 PM Flag


    Report looks pretty consistent with everything they guided to. CEO search on track, buying shares, leasebacks....Not sure why the pullback but would be looking for another go here at 6.50 and agressive around 6.25 and lower. Have to see if any analyst activity, etc.

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    • It traded below $6.50 afterhours.

      I had & lowered a $6.56 buy order. Mine wouldnt have filled afterhours though.

      I havnt read anything but the headline.

      What dilution are you talking about ?

      I think the long term will be ok...gotta swap out the upper managers and this thing could be a cash cow in the future.

      But, they've GOT to get sales higher than flat to +2%.

      Thats not going to get it.

      And, I fear their remaining stores will start to need remodels before too much longer.

      Tax selling could take it lower. A strong hire might take it up. A weak hire might mean even more selling.

      I sold some at $10.97 & $7.73 in 2010 and havent bought any back although I do still have a small position.

      My next trade is likely to be a buy but I look at this as a several year play. Not going to double anytime soon.

      But longer term, it can see $12-15 again.

      Assuming they make a good hire and he can get his own people to replace Sandys hangers-on.

3.05-0.06(-1.93%)4:02 PMEDT