the shares are holding up quite well despite a massive meltdown of the overall averages.Luby's high relative strength today, could be attributable to the fact that Sunrise Partners announced via a 13F filing they have taken a substantial position in the company.
For what it is worth, activist Investor Becker Drapkin Management LP has taken more than a 400,000 share position in the company. You never know, they might try and stir up the pot-it couldn't hurt!
RRGB got hammered today. Not sure why LUB didn't also fall in a sympathy move. I suppose the news of another 2 restaurants opening today, helped offset RRGB's poor results. If this sucker hits $6 again and it probably will, real soon) it might be time to unload.
Monday could be brutal. Another test of $9.25 could easily occur on bad results and reduced guidance. With FSYS's dismal track record, you almost have to expect it. The one saving grace? Horrible expectations are likely priced in, so even a bad report might not sink the stock much further. One thing for sure, these guys care little about the stock price.
this one will roar back. Way oversold and shorts will begin buying to book profits. Will RRGB go after the Fuddrucker's chain to bolster their top line? They just might
Today's meager volume of just 18,000 shares is one of the lowest trading days in a very long time. The stock is beginning to get very boring again. We need a catalyst to move the shares , so we all don't fall asleep. We need the Pappas brothers to make a big share purchase, as they are way past due for one.
English is their second language (the CEO and the CFO), so of course they are going to be unclear and difficult to understand on the CC. It will likely be another disaster. Why should it be any different this time?
Wait to cash in? they might be waiting a mighty long time to do that. Management has been showing little urgency, in regards to shoring up the stock price.
the question is why is it so low? Do the speculators simply feel that the downside is too limited to risk going short?
Luby's is slated to open up another Lubys/Fuddruckers dual unit this Thursday in Webster, Texas. That opening alone, should add another 2% to the top line! Bravo!
Very Weird, but the stock is now at a higher level now, than before the the news of the delay in second quarter reporting and upcoming impairment charge. It is like the market has totally disregarded that event. The question is why? Is it no big deal?
Theo Brito says the company's shares are stretched and that the stock's intrinsic value is only $60 to $70..he said coffee raw material costs are beginning to rise,-not a good thing for GMCR
They are attracting younger folks via their Fuddruckers and Cheeseburger in Paradise brands. Management has been in the game a long time-they definitely know what they are doing.
den56kk: not true on the balance sheet- it is far worse off. Back then, LUB only owed $19,500,000 on its credit line. Today, it owes almost twice that amount at $36 million balance. You are not comparing apples to apples.