They are attracting younger folks via their Fuddruckers and Cheeseburger in Paradise brands. Management has been in the game a long time-they definitely know what they are doing.
den56kk: not true on the balance sheet- it is far worse off. Back then, LUB only owed $19,500,000 on its credit line. Today, it owes almost twice that amount at $36 million balance. You are not comparing apples to apples.
LUB looks sick and tired today. Maybe we need a capitulation to occur to clear out all the weak hands. A drop down to $4 would create enough panic to accomplish this. The sooner, the weak hands exit, the faster the shares will return to more normalized levels. A drop down to $4, might even prompt management to buy more shares, something the CEO has failed to do in 19 months.
I am surprised the shares held up as well as they did considering the late filing news and overall destruction of the market today. It could of been a lot worse
I think I spoke too soon. Now LUB is crumbling too. I guess this is also a "bow wow" stock. Maybe at $4 it will become such a compelling takeover target, that even management can't stop from taking place. Lord knows, they will try.
will they have to file chapter 11? maybe they can't make their loan payments? I am being facetious, but the way it is diving, the market seems to be in a total panic mode that this can happen
The shares are showing positive relative strength today in the midst of a crashing overall market. That bodes well for the stock when the averages begin to recover.
the good news is: the cheaper the stock gets, the more pressure is excerpted on Management to authorize a stock buyback and the more vulnerable the company becomes as a takeover target.
Are these guys purposely trying to sabotage the share price or what? This delay will do nothing but #$%$ the street, as the market absolutely loathes uncertainty. Why not just file chapter 11 now and just get it over with? At least that way the long standing suffering will finally end. Owning this stock is the epitome of torture.
It is looking like the only way to make money in this stock, is to short it. I guess it is logical to follow the trend, and the trend on this one, is nothing but down. A tailspin of epic proportions that will be difficult/impossible to recover from. What good is owning a company that can't earn a profit?