One thing in investing is be wary of one example. You can take any stock and with hindsight say you could have made money buying at the bottom.
Incidentally, I have no PIR stock and am considering it, but I am very wary, as indicated by the quotes in my last post. This will be my last post, unless I buy some.
From Seeking Alpha:
23 Jun, 2:00 PM • PETM Bargain hunters circle PetSmart
Trading in PetSmart (PETM +5.1%) perks up after the stock is identified by Barron's as a name that should appeal to bargain hunters with shares down 20% YTD. Some retail analysts think the threat of online sellers such as Amazon has been overstated with the company's mix of service such as grooming and boarding a bigger part of revenue growth.SA contributor David Trainer also sees value with PetSmart at current levels. He notes so-called pet parents (pets=kids) give the company a backstop against sales declines.
I am uncomfortable with their deferred tax assets. This has impacted cash flow significantly in some years, and I worry that a write-down might occur in the future. However, as I am primarily self taught in accounting and not confident about my understanding, my worries might be baseless.
There are also press releases on their site not found in Yahoo. There was one such release the day of the big price drop, but it would not seem to be a price moving release.
One other point: they don't correct comparable sales for currency changes. So if Indian currency depreciates with inflation, for example, sales gains are exaggerated. I suspect if developing world currencies start appreciating company would start correcting. To their credit, company at least mentions the effect.
I know all metrics have their flaws, but if you switch from short term debt to long term debt, current liabilities goes down. Unless there is a chance of bankruptcy or something, how is that meaningful? In the 1st quarter cash flow from operations was negative. Having said all that, I have my hopes earning will start growing faster.
Good question. If they don't provide guidance my plan is to see what they are paying for fractional shares. If they pay $2 for 0.4 shares, I will assume a whole share is worth 2/.4 = $5. and use that as my cost basis while subtracting the value of my shares acquired from the cost basis for CHK.
1) I enjoy Cracker Barrel when I get to go - both food and service. They need to empty bins in men's room more often.
2) I don't think it is ethical to make up stuff when you post as in post on profit vs stores
3) I understand CBRL policy on handouts, although their reaction to employee was ridiculous. Surprisingly, site which gives employee ratings of employer had decent ratings for CBRL. In Philadelphia there is an organization which collects older but still healthy food for distribution - it collects from both markets and restaurants.
3.2 million shares outstanding. 1.2 million options outstanding. 227k options granted in 2013, 193k net of forfeits. Of the 227k, 118k granted to top 3 execs. You would think this is a start up. They don't provide average strike price of all options, but a rough calculation gave $11.63. All options are for 10 years, and average remaining time is 6 years. Perhaps ACU is still a buy, but it is certainly not as inexpensive as it might appear. I know option cost is subtracted from earnings, about $.08 in 2013, but I believe that understates true cost.
SLI a few years ago had a Dutch auction. I've experienced others, but can't recall them off top of my head - not stocks I currently hold.
shouldn't posters be referencing survey and its implications? individual investor should only trade MCD after a monthly ss sales report or quarterly earnings report and forget company at other times.
good point, but is it possible companies do not announce that at this stage, before they have even done due diligence?
One clarification: AYRESHIRE already offers engineering and other services, albeit I guess just focused on the PCB. Also, it occurs to me that when companies do project benefits, they are generally based on cost savings and financial leverage, although they will cite expected cross selling opportunities.
Given positive ss sales, general market rise, and their yield vs still low interest rates. Utilities have done great.
Relatively recently MCD had excellent management, but then 2 CEO's in succession became ill. I am wondering did these good people rise to the top because of the system or despite the system? Prior to that MCD had a number of bad years. I cannot imagine why the current CEO is still there despite a series of miscues. I mean didn't they notice that service metrics were falling while they were spouting the boiler plate? In Great Britain they turned things around, as I recall, by first emphasizing the message that MCD provided good food from a great supply chain, changing its entire image. Where is the guy who turned things around?
The one thing they can do is improve service levels, and this should at least drive sales during peak periods. Also, they finally seem to realize they need to change image on quality of food, just as they did in UK. Have you ever looked at sodium content of Panera Bread soups? It is ridiculously high. It seems perception counts more than facts.