Web site indicates only 13 locations in all of Texas ? The seller yesterday at $10.25 will live to regret not getting on this crazy train!
the last 2 years our stock has been on a levitation act, however, someone looked at the ghoul hiding behind the curtain and he has DEBT across his t-shirt.
Let's face it. What differentiates Belks, from Dillards, JC Penney, Target, and a dozen other retail patsies ? Oh wait....there is no differentiation.....it's a commodity retail heap!
So why doesn't LOCO board vote to use cash flow to buy back stock on the open market ?
I wonder how busy the malls will be from October to Christmas as people read their 401K and 403b balances ?
Ticker SSI is 850 retail apparel stores under Bealls, Goodys, Palais Royal, Peebles, and namesake Stage Stores. 850 minus todays closures.
The 'plant and equipment' on the balance sheet are losing value daily.
Both by depletion and price collapse and the constant expense load of upper management in Houston.
It's a pathetic business model, but hey, even Texas bankers can be duped into making loans to this industry.
When the parasitic lawyers pounce, you know a $14.10 bottom has been achieved. Margin call Matilda has also completed her rounds. Cilantro chicken and guac are coming East!
You short sighted twit. The have less than 20 locations in Texas alone. Ten years from now LOCO will have over 1500 locations and will be moving into Canada, Caribbean, China, and Europe. They will also serve breakfast eggs....the other end of the crazy chicken. Profit per share $7.50 X 20 PE = $150 stock. Try getting that out of T-bills or the local credit union offering 0.02% annual interest.
then change the name to Permian Oil Co. Stop pretending that the other locations matter, before oil goes into the $20 barrel range because of Iran mega-supply.
WMT and URBN reported weak numbers. APP is gasping for cash. Your malls are floating on FED levitation clouds.