Guy says $9.50-$10.00 EPS on CNBC and the company isn't even profitable on a GAAP basis.
And at nearly $200/share he was begging Munger to like it?
What is this clown trying to pull?
Funds who dumped a couple weeks ago will buy back LOWER after their 30 day wash sale period is up. That is if there is any hope for the stock. So don't expect this to turn around on April 1st. That's a Fool's day!
Her stock holdings are more important "protected" classified information apparently.
May shed some light on the timing of their public rants on certain companies imo.
He had a $72 price target and that was before latest buyouts. When asked if he changed his price target (18 months later), he called it now "uninvestable".
Can't people see the manipulation going on at CNBC? Why is Cramer and these manipulators allowed on the airwaves?
He made the call at $130 and then it ran to $263. You missed a 100% gain had you took his advice.
Isn't Goldman still his puppet master?
Sentiment: Strong Sell
That's how these ponzi schemes work.
Lower the stock goes, the bigger the Reverse-Split. Why do a 1:4 at .50 when you can do a 1:5 at .40 ? Or worse!
It's because of all the new shares diluting the NEGATIVE EPS figure. LMAO!
Makes no sense for the stock to be up this morning. They announced they would remain a cash burner after claiming they would be cashflow positive in 2015.
Burned $6M last quarter.
From $14M down to $8M and burning $2M per month during the "good" seasons.
It's not the Pope's fault.
Typical of ponzi scheme like companies that need to constantly dilute to survive.
With current share count, they could never post meaningful EPS numbers if they ever managed to go positive. Of course the current growing share count will make the negative EPS look smaller. Don't be deceived.
Or maybe they opt for being delisted to beat the market cap down futher for a cheap take under. The purchaser could then close 2/3 the stores and possibly make money someday.
Correction: The goodwill SHOULDN'T boost the book value up $9.5M
That's my point here. RJ charged COSI shareholders $9.5M more because of his made up goodwill figure.
$9.5M of goodwill and $5 won't buy you a $5 footlong at Subway. You can't afford the tax.
The goodwill is all fluff. It adds no real value to a company. A year ago it was 0. Shareholders should have not been on the hook for $9.5M of Hearthstone goodwill if their existing stores had 0. It certainly should boost the book value up $9.5M.
I first noticed this company about 20 months ago. There was about 20M shares and it traded at $1.05 for a market cap of $21M. I didn't think it was worth that then, and I don't believe it's worth that now with 48M shares. Can't believe it's over 30 cents right now. You KNOW a reverse-split is coming to erase shares and shareholders alike.
Debt, other liabilities, stock, cash, ect...
I see $9.5M showed up as Goodwill after the deal. How is it that those 15 stores have imaginary Goodwill when the other COSI owned stores had 0?
Sentiment: Strong Sell