This has to be shorts pushing it down. No one is making a profit selling at the current price. Also, don't understand the pps at this level because the earnings report wasn't all that bad. Someone is shorting and will buy big soon.
Does PWE survive?
But I don't understand why the small miss earlier this year and the latest small miss should drop the price from 29 to 13.75?
There is no basis based on their earnings for such a big sell off! This is being manipulated.
This was so bad they should replace the management. Maybe someone will decide to buy them with experience in running restaurant chains. This report was even worse than the last one
This was a bad report and people in the know have gotten out as pps has been dropping for months. When they didn't guide up on the last report it was time to get out.
It seems ridiculous to me that you don't ' downgrade over he past year but now that a small profit is reported you downgrade? I think BAC is going to be a buyer f ARCO.
I am long and losing a ton but I agree this is horrible! Management and the board should all resign! I can't believe how poorly this has been run.
Are you kidding now they say they are working with a sense of URGENCY ! What the heck have the done for the last year? Obviously NOTHING ! They need new management immediately with people who understand the business and can implement new strategies immediately. This is a terrible report and I have been saying for a year the management is clueless and lost and this report proves it!