Forget being an analyst. I'd like to be an executive at this company. Get paid millions of dollars to do nothing but count your money and buy additional stores to raise growth. You don't even need to worry about missing estimates because the stock goes up and up regardless of what you do. It doesn't even matter how much you pay to buy franchises, as long as you buy them.
I'm telling you, being a CEO is cake.
Forward looking? BWLD lowered guidance and missed estimates by 10%! The stock should have plummeted 10% on that news, instead it's up 10% on short covering.
The sky's the limit for these POS companies because wall street wants it to happen.
LOL, you think PNRA's miss was bad? Take a look at what happened with BWLD. They missed numbers by 10%, lowered guidance 5%, stock popped 8% after hours!
We'll see what happens in the first 15 minutes. If starts to fade, it could end the day up only 5%, regardless, $145 ain't gonna happen anytime soon.
I remember that fiasco. They kept building new stores as a way to increase sales. This company is getting killed by the price of wings. They made an agreement to make their wing costs stay constant though.
Anyway, expect this rally to continue as shorts pile on again, and get slaughtered in the process. Could easily hit $200 tomorrow.
How much is one wing at BWLD, $1.10? People love those wings though!!!