I have tried Blaze and Pizza Rev and I like the crust better at Pie Five. The thick crust at Pie Five is fantastic, neither Blaze or Pizza Rev can touch it. Pie Five is better than the others as leftovers that are warmed after getting cold too.
A quarterly conference call to discuss results and forward plans would do wonders. When the stock is falling through the floor, it is a no confidence vote for this management team and our CEO needs to step up to the mic and explain. Where are we going and how will we get there? The RAVE website needs work too. Try sending an email to the address it gives for investors. It doesn't work. Try calling the number. There is no way to reach anyone there and that kind of goes with the "I don't have to answer to shareholders" mentality that seemingly goes with the non conference call approach.
You addressed both of the key question marks here. Need to see improvement on both fronts, but I think those factors are the only reason why we can buy Pie Five and Pizza Inn at at a $40m market cap.
You are welcome Bo. I was adding shares here and there until yesterday, when I started adding in a big way. Someone was selling in a big way, because I added close to 20k shares yesterday. Someone dumped another 2500 at $4.10 after the close, so the selling may not be done. But I am very happy to be buying at this level.
Hey Bo. Good thought re: novelty as I have seen that too. Should not have too big of an impact on P5 SSS though, because they require a store to be open 18 months to avoid that result. I think you are right, this one is on sale though it may remain on sale through the current quarter. This is a great opportunity to load up.
On March 30, JRJR Networks had to file an NT with the SEC to delay their 10k by 15 days, not that surprising given that they hired a new auditor (BDO). JRJR does a daily P&L with each of its companies, so they have known for many weeks what the actual numbers are and at this point its really all about dickering with the auditors over nickels and dimes that will be recognized now or later. While the company did not officially release a statement with the filing saying - "hey guys, don't freak out, everything is going great", they did include an auditor approved note making sure we know that earnings are expected to be better than last years. I thought even more telling was the note on John Rochon Jr's Facebook page about Longaberger - where March hit a new record for Collectors Club with over 1,000 new members. This is essentially Longabgerger's version of Amazon Prime. Joining doesn't mean a person has to buy anything or even spend one more dime than someone else, but the reality is they always do and the reported numbers suggest that a person who participates buys significantly more during their membership period. So its not just $50k that Longaberger got in March with no product to be made or shipped, its $50k that was paid to Longaberger indicating an interest in buying more product. The implications for Longaberger''s growth in 2016 are very, very favorable.
Since it seems that many investors have been hyper focused on the Longaberger situation, a note mentioning record growth there on the day of the NT filing makes me wonder if John Rochon JR was trying to send a message to shareholders.
Looks like the short sellers and naysayers have been out in force over the last few days. The shorts have discovered all kinds of disaster around the corner for JRJR. They look high and low for negative angles, but find very little that is substantive to work with, so they invent all kinds of high drama that will surely lead to the downfall of JRJR (as they tell it). If you own shares of JRJR, you have to understand that there are some very desperate speculators who have made a bad bet and they are doing everything they can to try to salvage what they can be convincing others to sell their JRJR shares. Don't fall for it.
Also, be very careful using stop loss orders because anything in the -20% range has been wiped out each day in a matter of seconds with the stock trading back to the regular range in less than two minutes. If you look at the intraday charts, you will see that this has happened each day since the cusip change. This is a typical covering tactic used by shorts, as they use anomalies in the days trading to push the stock lower so they can cover at those lower prices. The bottom line - don't let their horror story scare tactics shake you from your focus on a really great long term opportunity here and don't let stop loss manipulations be used to steal your shares at artificially low prices.
Sentiment: Strong Buy
I haven't seen anything that would lead me to believe that there has been any squeeze buying at all.
It has been awhile since the technicals on JRJR / CVSL were positive. It will be interesting to see if this move brings momentum players into the trade on the long side
The stock is up 32% today, but the stock had only been trading this low because a manipulator would sell short in the last 10 minutes of each trading day to push it back down. They may do it today too, but $1.40 for this stock is a joke. YIAH is worth $2-$3 per JRJR share in the private market.