I thought the plum LOCO business model was to put one LOCO within the 27.3 mile shadow radius of every CMG ? no ?
The problem is stock market capitalization per store. LOCO remains elevated even in the $15s. It will takes YEARS before this stock grows into it's pants, so to speak.
Steak N Shake has over 500 locations via Biglari Holdings ticker BH. You don't have to be plum loco your entire investing lives.
the hard ways. LOL
What happens when the hedges wear off and you face the reality of $43 per barrel oil, or less ? One does not need a petroleum engineering degree to understand this industry. Borrow, drill, deplete, hedge at bottom, borrow more or dilute, lose money, pray for higher prices, rinse and repeat.
Everything is fine at the mall, just as Kohls.
Anyone notice that the Simons borrowed another Billion dollars from Janet Yellens punch bowl brew recently ?
This will end badly for the shorties. Icahn says $240 stock.
Houston, we have a problem.....
Oil and natural gas prices won't go up anymore, and with global fracking, and Iran, the supply seems nearly infinite. Our organization was built on leverage and hedging, but golly gee, that's just smoke cover for the depletion. (smirk)
And the $20 Maginot line got breached, but good!
Your inventory should be sold for scraps at Ollies, HD, and LOWES.
Your real estate should be liquidated.
Send the top management bums an invoice DUE for gross overcompensation of a public company the last 10 years!!