Looks like the whole industry going to be in a funk. Just waiting for Shipotle to issue their May tumble.
No surprise with too many puts sold at $395 and below. Some big boy might have bought the $395 weekly calls yesterday and used Buckingham as their mouthpiece.
As of yesterday they seemed to protect $395 puts, but with today's bs upgrade, they may want this near $400 tomorrow. Of course, shorts have made out very well in the past 10 days with 65 points, so trading up a few is no big deal. Let them take this higher for better short entry.
Where else can you make 10 pt spread trading a stock?
I still believe options bosses not going to allow this to fall much below $390 for a pin of $390 to $395 this Friday. GLTA.
Agree, at some point anything becomes a takeover target. Just ask the bagholders at Twitter and VRX who thought they caught the bottom.
Maybe another shot $385 this week.
If the company really had any credibility, then why after a blockbuster singles day or inclusion to MSCI back in December, this stock not trade above $100? Based on the numbers, it is a no brainer twice of Amazon, but still keeps struggling to get past $90. I guess just drink the Koolaid until you cash out.
Well if he didn't you would be more skeptical. Besides, his golden parachute is worth probably 10 times more, so this is a drop in the bucket.
Why pay $52 now or whatever number you just pulled from your #$%$ and not wait until December to get it in BK court. It's not like their units are fetching AWP brand pricing. To gain both public and governmental trust they have to lower prices and offer steep discounts for the remainder of the year. The only one benefiting from any deal would be M/A team crooks.
Sentiment: Strong Sell
your post is only as wishful as Apple buying Tesla or Twitter being sold to Google. Keep dreaming! Only take the risk you can afford to lose.
Yes lets see how much they actually get for that asset. Walgreens will only pay 50% of published prices and I don't think the top 2 PBMs, Express Scripts and CVS/Caremark will pay anymore. Will wait for the pop and eventual fizzle. GL.
Let me guess, you bought stock and calls with Bill Miller at $35. Do check in here next month to see where this is at.
It takes no rocket science to figure out a dead cat bounce after dropping almost 65 pts in 10 days. Besides too many puts are now sold and options bosses don't want to payout the $390 and lower puts. This POS is still on the downtrend and until they actually prove customers are coming back, new menu items and the source of the ecoli, this burrito will be flushed along with the runs of many....
Papa John has a golden parachute before bankers step in. A decrease in EBITDA foretells their fate. Why should other companies buy assets now when they can get them at fire sale prices later?
Is there a Shipotle near them?
Just wait until May comps released, should flush this burrito in the toilet.