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Luby's, Inc. Message Board

  • shorthighcoverlower shorthighcoverlower Dec 28, 2012 10:08 AM Flag

    23 Cheeseburger in Paradise locations-real estate owned?

    I am curious...out of the 23 units just acquired in the Cheeseburger in Paradise deal, how many of those locations will be real estate owned? Management did not address that issUe.

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    • Almost certainly they are all leased if they didnt bring it up.

      And i highly doubt they bought either chain in order to sell the company.

      They want to run these companies, not sell them.

      That said, I never listen to the calls. Wish they would print transcripts like many companies do. I almost always read them when they are easily available but rarely listen to calls for small positions.

      Frankly, I was considering selling so the recent insider buy was a positive and will keep me in the position for a few more years anyway.

      They've GOT to be able to increase their return on equity and I think they will.

      Not sure the combo unit is going to provide the needed benefits if they dont get economies of kitchen staff & space.

      I bought LUB years ago in the low $3s, after following the insiders.

      Hasnt been a great return for nearly 4 years of holding but certainly acceptable.

      I just hope it can double again over the next 3-4 years at a minimum.

      Target price: $13.75 by March '17.

      Hopefully, more & sooner but I dont think they are in this for the short term.

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