The meeting just finished. The highlights of the meeting are included on the company's website under "events". Finally some good news shared.
It all comes down to third quarter "same store sales". If they can exceed the 1% targeted gain, we will rally nicely. If not, we will be in store for more dull and boring trading days. I think the company is way past due to put up a beat.
Next month's third quarter release could bode well for the share price because expectations are so dismal. The low expectations will be easy to surpass. Management has sandbagged guidance by totally under promising. This should make over delivering a virtual "walk in the park".
they are starting to focus on the heavy truck business in their R&D expenditures. They are also gaining momentum in their direct injection business, so all is not lost. There still remains hope, even though Wall Street has completely written these guys off as dead.
Not sure how opening a few restaurants per year is going to move the needle too much. Why not concentrate on fixing what you have, paying off debt and getting lean and mean in the process?
The stock has gotten very dull lately. Low volume, low volatility and no news seems to be the established pattern. I am not sure if there is anything out there that could give this stock a lift. Frustrating is the key word here. Today's prediction: down 20 cents on 96,000 shares volume.
Texas is growing, and that especially bodes well for Luby's Cafeterias. The stock is priced for failure, and operations are clearly more positive than that. Management has really ratcheted down expectations, so the chances of exceeding such a low bar will be high.
what about the other metrics such as price to book (.63) and price to cash (2.0) in comparison with the FSYS peers you listed? You didn't mention those. Are they not relevant in the analysis? why don't you simply short FSYS ,if you are so negative?
sells at .50 sales, .63 book and two times net cash. There are not too many stocks out there that possess metrics so unbelievable. In fact, I don't know of any.
FSYS's enterprise value is $102.63 million. It is expected to generate $16 million in EBITDA in 2014..Do the math and it will reveal a real bargain multiple of just 6.4. FSYS is selling at mere 6.4 times enterprise value. That is pretty low.
Joe Jolson of Harvest Capital is slowing accumulating shares and staying under the radar in the process. He purchased another 81,000 shares in the last three months, which now brings his total ownership to 401,000 shares. He is known for his activist roles, so we will see if he decides to take action.
haha....we want it the special to be a high price, that way there is plenty of profit to be had from it. After all, these guys aren't very good at making a profit. so they need all the help they can get.
A Fuddruckers/Luby's combination location will open at the beginning of next year. The Luby's will contain 10,000 sf while Fudd's will possess 3000 sf.