Up on huge volume today
I am buying more. This one always seems to bounce back. Short covering and bargain hunting always seems to be the catalyst
the single units make a 9% store level profit, while the combo units make 19%
the new combo stores make money, twice that of single units
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.