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Granite City Food & Brewery Ltd. Message Board

  • jordy_cruiser jordy_cruiser Sep 3, 2008 8:34 PM Flag

    This is a great Company

    I like the way they take care of shareholders, like when Wagenheim issues himself a ton of options, that at the current stock price of $1.00 must be solidly in the money or the way he deals with himself and Dunham whenever they need some real estate. They REALLY did their homework on the Rogers, AR location--rumor is they're expanding it. And the executive officers? Wow, they have a ton of longevity with this company.

    My hunch is that you wise investors who stayed the course with this bluest of blue chips are in for a steady stream of dividends, probably starting with a $.50 payout next quarter and increasing at say, an annual 20% clip after that. There's even a rumor these guys are going to buy out Kraft with all the excess cash they're generating. That would allow Wagenheim to corner the market on the ingredients he uses so efficiently.

    Further, Darius's plan is going to perfection. Current estimates are for another 100 locations to open within the next 2 months. His store-level operations goals are being met and surpassed. The performance chart looks brilliant if you turn it upside down and margins are improving if you switch sales and cost of sales around.

    This is a brilliant management team with a solid track record. If I were you guys, I'd load up on shares, hell buy them on margin. Best of luck to all of you. Warren Buffett should have half your talent.

1.74+0.1400(+8.75%)Aug 31 11:44 AMEDT