FLO has spent hundreds of millions of dollars to attract the last worst customers....text, interstate phone user, and selfie in car crowd.
So today class, we shall discuss market capitalization. Now that's a big concept for you cheeseburger and wine guzzlers, but it's time to learn some finance this afternoon, class.
Got BH? over 700 Steak N Shakes!
Communist Chinese pretending to be pilgrims won't stop the house!
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!