Don't forget the $120 mil it cost to add the 60+ new sites. Lets see $182 mil + $120 mil =$302 mil and thats just what we can estimate + or - a few mil. I guess if you stop the bleeding it's good for the shareholders!!! I have to say that the new owner got a great deal + financing, there's no way they can't make it work!
The press release from the pittsburgh news wire clearly stated that the payment date was 12/21/12 and the ex-date was 12/20/12 The press release was from MHH so I called and confirmed because it did not seem right. I know the rules...thanks for the education any way!
In the good old days...Bob had a limited menue and a line out the door. So much for improving, you can't be all things to all people! It was also home cooking but the number crunchers won and the volume went down. It's just sad!!!
Good reply but I don't think selling the Real Estate at this time makes good sense Bob Evans has always owned about 90% of their restaurant sites and 100% of their food prossesing facilities. Why be obligated to a real estate invester at this time when you don't need to be. If they sell the property they would pay a hefty tax burden to boot. Most of the properties they own would sell for 5 to 6 times the original investment which would be a reduced amount at this time, most resl estate prices including commercial prop. are down since 2007.
The company also would be in a better position for purchase with real estate assets, which in my opinion is where I think they are heading! They have never franchized the concept and don't think they intend to.
I agree with you about same store sales improving as a good indicater of strength but also customer count increases will improve that situation. Making stores pretty isn't the only answer to helping the bottom line...customers don't eat the buildings, they judge you on your food, service and cleanlyness. Ever watched Diners, Drive-ins and Dives??? JMHO!!!
Another YUM Exec. joins the crowd. Mark Mears now on the roster for Mimi's, lets see what he can do that others haven't...should be interesting Chicken!!!
RCC...you hit the nail on the head. BEF has become a numbers co. but the problem is they don't understand the numbers! The most important numbers are your assets...the employees. Dan Evans always argued that, the YUM boys think that they are the most important assets...wrong! They will lose most of the loyal emloyees due to expense of travel and higher taxes. What dosen't make sense is that they own the existing property and there is room for 10 - 15 years of growth plus better freeway access and less traffic. Granted it doesn't wear the "New Albany upper class badge" but I don't think that shows on the books or PPS. I think BEF is getting prepped for the Yum lable, IMHO. I feel sorry for the loyal employees that have given their all to make BEF a great business but in these days it's all about the boys at the top!
It appears that they have slowed the growth to nearly zero! Then the stores in Dayton (public announcement) are slated for remodel! It's the food ,the service, and the price value boys. It's not the building!!! Watch Diners, Drive-ins and Dives...buildings aren't so great but food and service are top notch. You shouldn't have to tell the public that you are remodeling..you do it every day quitely...keep the buildings ship shape!!!
You may be right Chicken...they announced the div on 11/19 and change in the golden parachute on 11/23 after the pps went up...somebody knew something!!!
Hey PP I used to read all of your comments (arguments)about USSE/SSTP with Dyna and the gang on the IV bd. Your arguments proved right and saved me a lot of $$$$...Thanks
If you were such good friends with Bob in the early days, who was his original partner in his KFC franchise. Why and who did he sell his KFC franchise to?
The chicken always posts out of his rear end just to keep the negativity stirred up. Fortunately nobody pays attention as indicated by the nice upward movement today.
looks like they need some better talent in the management dept. or it will continue it's downward slide! too many poor decissions maybe!
Good job mickeynu, old PP is starting to spread himself pretty thin(probably wore out a key board or two by now).
Hopefully we'll have some positive info before the end of the year!!!
Prime these two are about ready to pop...sister companies.
SSTP and USSE.. discovered a process to turn MSW (mun. solid waste)through a reactor into bio fuel and syn gas to run engines and or turbines to generate electricity and sell to the grid. Right now penny stocks...great potential.
Do your DD...could be good oppurtunity. I don't usually play pink sheets but I couldn't pass this one up.
Haven't heard anything from you or Airwolf for a long time...glad to see you'r still around.
Not much to talk about at BOBE since SKO left!