ANGI market capitalization $464M. Net tang assets are NEGATIVE $41M. Hicks laughed all the way to the bank when she IPOd this thing.
This was brought public because they need to pay DEBT. Like most IPOs, this was engineered to maximize value for the founder (see ANGI) and the underwriters pocket a juicy plum. Then we have the euphoria corncobs that drove this up to $41. What LOCO does is provide a yardstick for the restaurant sector. BH (Biglari Holdings) controls twice as many locations as LOCO, and yet, BH, has a market cap less than half of LOCO.
The entire retail sector is at risk to the next recession, and that presumes we are even out of the 'great recession.' The other big risk is Amazon and other online competitors. KATE has market cap of $3.9 B supported by negative net tang assets of $99M. Macys has a market cap of $20.6B supported by net tang assets of $1.8B. Simon market cap $52.1B supported by $5.2B net tang assets. I would agree that Simons land and structures have a bid above booked basis. But as for Macys - manikins and last year's Coach inventory have dubious intrinsic value.
You Caesars debt mules wouldn't know anything about cash, now would ya ?
I told you clowns to exit Caesars in the $20s....now look at you....plunging to new lows.
Got LACO ? Try reading a balance sheet.
Shorts maggots are recognizing their fate. They should have covered under $9 in March 2014. I'm glad the little ones stuck around to be roasted. Book value over $24 per share. Value trumps shorts.
The central Louisiana properties were developed decades ago with older drilling tech. Suppose Swift goes deeper and horizontal ? The cash money won't be devoted to this for now, but it remains to be seen what's under those acres. We don't need to fire sale Louisiana, like Napoleon. Swift eagle ford gas is gushing, and cash came in from Indonesia.
Retail malls are obsolete and dying. Get that through your thick heads!
Simon has over $24 BILLION in DEBT. The current market cap of Simon is unsustainable.
Your best hope is that Amazon can turn your empty caverns into robot and drone distribution centers, other wise you are complete toast in 17 years. The reduction in interest rates, that you retail peddlers have enjoyed since 1982, is coming to an end also. LOL
You don't have to suffer in the Pioneer balloon anymore.
Dump PXD in favor of SFY. Insider buy SFY.
Grow a brain, make a buck $$$.
What do these names have in common ? They each got rich by duping America; Angie Hicks, Bernie Madoff, Kate Gosslyn.
Even in the $7s, this stock has negative net tangible assets. LOL
IPOs are launched to raise cash for founders and pay down troubling levels of DEBT. It's that simple. The underwriters make a huge amount of profit by offloading the dupe onto the public sheep. In 8 or 9 years, this thing might be generating enough free cash flow to justify a bid.
Compare this market capitalization to other restaurants that have MANY more locations, such as Biglari Holdings.
Got it, dipsticks ?!
If LOCO is priced right, the entire restaurant sector is discounted by Wall Street.
Biglari Holdings controls nearly twice as many locations, and I don't mean lime chicken taco stands.