Net earnings from continuing operations for the quarter increased 108.3 percent to $957,993 compared to $460,030 last year. Diluted earnings per share from continuing operations increased 111.1 percent to $0.19 per share, from $0.09 per share last year. Overall sales decreased 1.2 percent as a result of last fiscal year's closures of under-performing Big Boy restaurants offset in part by new restaurant openings. Gross profit from continuing operations increased 12.2 percent in the quarter versus the prior year, primarily the result of lower food and paper costs as a percentage of revenues.
Hmmm - Yahoo had earnings at .40 a share (I think) and this says .19 so wonder what the true yield of the dividend is? Seems like earnings increasing 111.% is Great although profit increased only 12% - not too shabby. From the looks of the price gyrations, many didn't know how to take it. Or leave it.
I'm not sure what to think as I haven't been following all that long. Seems like if you were a shareholder before they announced the big dividend, you probably came out o.k. or maybe even sold and made a bunch. Others, not so much. Insiders have been selling when they think their prices are too high forever, nothing new there. Serves as a sign to others IF we can find out before it is too late. In this case, it seems new shareholders became new bag holders.