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.
they might get all five seats, which could be a big deal. The fact is, the current BOD doesn't have the best track record for enhancing shareholder value-maybe some new blood wouldn't be so bad. If you don't perform there are consequences-just ask Gordon Gekko
this is the news I thought shareholder's had been waiting for many years, yet the stock price isn't even up a penny. Insanity prevails! They basically admitted they are going to put the company up for sale!
looks like they want to get their executives rewarded, when the company changes hands-sort of a "golden parachute" if you will. The sale is imminent. Could go as high as $16
If management is successful in its new strategy of less commodity trading/bulk bean sales and more private brand sales, and keep costs in check in the process, the stock could stabilize and even trend higher. Who knows, we could even get to $5, if things really start to mesh.
the new combo stores make money, twice that of single units
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.
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!
the single units make a 9% store level profit, while the combo units make 19%
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 am buying more. This one always seems to bounce back. Short covering and bargain hunting always seems to be the catalyst