The principal owners of Luby's are in their seventies. It is just a matter of time, before they put the company up for sale, so they can retire and cash in at the same time.
Luby's saw another Fuddruckers franchise opening today in North Dakota. There are another 50 units still in the pipeline over the next few years. The good thing about franchise income, is that it is almost pure profit.
you are right..GFI is owned by FSYS-I thought it sounded familiar.
if the news is so bad and just dissemenated, then why are the shares barely down?
Old news. this has been out since last May. Besides the regulator components were manufactured by GFI Controls and DiaCom, so they will be the ones responsible for the bulk of the costs associated with the recall.
These guys wouldn't buyback their own shares even if their cash holdings, exceeded their market cap. They are currently holding $5 cash per share. I remember 12 years ago when AAPL had $19 in cash per share, yet it was selling at $17 per share. The company was essentially for sale, for free!
Looks like investors are flocking towards defensive issues today. FLIGHT TO QUALITY AND SAFETY is the key. Luby's is holding its own despite horrible carnage in the overall market. The market appreciates its extremely bargain metrics such as price to sales and price to book.
a new five year low? How about a new ten year low? It looks like the shares are even approaching a decade long low.
the shorts didn't cover. Short interest actually rose 10% to 1.2 million shares, the highest level the stock has ever seen. One day they will cover, but right now, you have to go with the trend.
AZO does not offer service. They have no service bays. They also do not sell tires or own any of their own real estate. Not sure if it is a fair comparison. One thing for sure, if you are short this sucker, all the low hanging fruit has already been stripped from the trees. At this juncture, there is more upside potential than downside risk.
Do you have to be so mean? Do you get pleasure cutting someone else down, to make yourself feel better? That is a classic sign of low self esteem. Why not build other's up, instead of tearing them down? Calling someone stupid, is not something the upper crest usually does-they stay dignified. In conclusion, by elevating others, one elevates themselves.
didn't I say earlier, we would go into the green? Well we did, only to close unchanged on the day. So this time, I was right!
it will be there in minutes, not hours. We need to get all the shares flushed from the weak hands in a capitulation.