Luby's cafeterias saw a positive 3.1% increase in sale store sales. Fuddruckers joined in the party with a 2.1% jump. Those are impressive gains versus their first quarter same store sale increase of just .2% on both brands. Congratulations!
Look for Luby's to lose 3 pennies, on sales of $88 million. The loss will be attributed to higher commodity prices. Results should be released in less than a dozen hours. The stock will likely remain flat on the news.
they can't do that. It is called fraud. Do you actually think they would risk their entire fortunes at this stage in the game to make even more money, so they could take it over under $6? I don't think so. These guys are as clean as you can get.
there is only one hour and ten minutes to buy more Luby's shares or cover those that are short. The fact is, earnings will be out Monday morning before the opening and the stock could gap up open with vengeance on any favorable news, that is probably way overdue.
I was wrong...they bought back $3.4 million in shares, That equates to about 350,000 shares, not 1 million shares.
the company put out a solid report. Beating sales expectations by $10 million and meeting on the bottom line; The street didn't like the light guidance, but management is likely sandbagging big time. The company also plans to restructure and eliminate jobs and manufacturing facilities as well as crest a centralized purchasing function.
it did hold at $4.50, but The stock could go all the way to zero...book value really means very little. What matters is future cash flow. No one has a working crystal ball. At this point, it is anybody guess which direction the shares will take, but as a contrarian investor I feel like the downside has been overdone.
sounds like you have an agenda and are short the stock. it is pretty obvious you are bashing, but you may think about covering to book some profits, because the company has committed $1 million to buy back shares in the open market...right now seems like an obvious area for them to start doing do
The stock is going vertical this morning (now up 6%). The shorts must be fueling the rise and they get squeezed into oblivion. The inevitable nasdaq % gainers list inclusion today, will simply add more fuel to the fire. Time to jump on the bandwagon and exploit this bad boy.