The drop in gas prices should help fast casual restaurants like Fuddrucker's and Luby's pick up more business. After all, that will provide more discretionary income for the lower wage earners.
$8 will likely not hold. This stock is a real stinker and the bottom could still be a long way off. Don't get fooled by today's pop and get suckered in-it could simply be nothing but a bear trap.
I didn't sell yet. I am simply setting my expectations way low, so I am not too disappointed. It could even be a form of reverse psychology. It is a good thing you are not a trader...it can lead to a miserable existence.
I'd cover my short on the drop below $100 in AAH, but since there are no more shares available to short, I won't cover just yet.
FSYS gave in, and let Becker Drapkin's Steve Becker become a member of their Board of Directors. This could prompt the change, that will enhance shareholder value. About time!
If they get fuddrucker's humming again, they could easily exceed their same store sales forecast of .5%. They have already gotten nice SSS increases on their Luby's brand.
it is the fourth quarter-they are given an additional six weeks to file their end of year financials. We should see earnings no later than Nov 15th.
We will see tomorrow if this news is beneficial to the stock price. I have a funny feeling that it will be, but I have been wrong many times before.
Insiders were given shares at this price (they were grants). They didn't purchase the shares with their own money. The company merely printed up the shares to give away-creating earnings dilution. This is only a good deal for the insiders who rec'd the shares. I don't think anyone at Luby's is too concerned about the other shareholders. To them, they are simply an annoyance.
It finally rallied. If the stock can clear the $9.20 area, we might be on to something.
The Dow rose over 200 points today, reaching within an earshot of a all time high. This one, could only muster a 1 cent gain. What is wrong with this stock? it has become a real dud. It is easy to lose your confidence in Luby's. I wish I wasn't so stubborn, then I could move on. Knowing my luck, the minute I sold the shares, they would announce they are being acquired at a big fat premium.
Another exciting day. The dow jones is up 200 points and LUB is up another penny. Will we ever see a rally?
it was actually in the press release. Restaurant sales would be at the lower end of the range from $375 m to $385 m. The market already knows this. What is your point?