For what it is worth: this is the first time the stock has risen above its 100 day moving average line, since March of 2013. That could be construed as a rather bullish event.
shares being bought back? Not a chance, they don't have a stock buyback program in effect.This is something way bigger than that.
Motley Fool has a four star rating in effect on FSYS. This "favorite" rating is also the same rating they have bestowed upon AAPL-pretty good company, I would say.
Hopefully, those who haven't had a chance to get long the name, can do so Monday morning without having to chase the shares higher. The shares could easily see a profit taking correction, after Friday's strong gains.
they need to do something to spice up their sales. 1% same store sales growth just isn't going to cut it.
the stock traded over 1.3 million shares. That's by far the highest one day volume it has ever put up, and it all happened in the last 15 minutes of trading. If that's not the hint of an impending takeover, I don't know what is.
shares purchased back wouldn't go to management, they would simply be extracted out of FSYS's outstanding shares and placed in a treasury account. AAPL has a huge buyback in process and all it has done is push up the stock.
The largest owners of LUB ( the Pappas' brothers) are in their seventies. You'd think, they would want to hire an investment banker to shop the company, that way they can monetize their investment. I am thinking the consummation of a sale could result in a nice little premium. It does not hurt to try.
Garden fresh Restaurant Group (souplantation)...these guys are shrewd operators with their 150 privately owned stores. they could easily acquire the LUB brand and it would provide very nice synergy. The operators are so cheap, that they don't even offer cottage cheese on their salad bar. They use saucers ( very tiny plates) for hot food, so there is less wasting of food. The salad plates are also tiny. The food quality is mediocre. These guys look like they are really interested in the bottom line. Buying LUB and Fuddruckers at these very depressed levels looks reasonable.