It's not that simplistic... The plan is whatever Sterling deems it... Read up... I don't invest on "hope". This is a long term holding for me that I expect to at the very least double... Nothing has changed in that regard.
Okay, but you are still factually incorrect, whether or not you believe it - they STILL RETAIN CLOSE TO 80PCT OF THE COMPANY - Their class a sales were minimal. You are creating a false narrative, perhaps out of pride which is perfectly understandable.
Best of luck
You are WRONG...
STERLING'S OWNERSHIP of class A stock has decreased from 32pct of the float pre ipo to 28pct of the float as of now. Their stake in the company has remained near 80pct because of CLASS B stock... Their managing partner is the ceo... Instutional buyers have been grabbing shares at these levels... LOOK AT THE FILINGS... Don't just read one header and extrapolate... there's allot of info out there... Trust me, you are wrong on this,
Will provide industry leading preparation, stocking, and delivery efficiency in the NY metro area... Companies like Google and Amazon cannot rely on the cloud for this area of their expanse.
Wow... they own 28pct of class A common stock down from 32pct from the ipo... they still retain approx 75pct voting power... class b stock... they own this company... again smart money knows this... good to know you're likely short.
You're connecting dots of your own design and strike me as apocalyptic in your thinking. They are solidifying and shoring up their model by investing in growth and increased efficinecy for the long term while disposing of extraneaous but neccesary management/personal expenses in the short term... Central Services is done... store expansion has been curtailed in order to generate more cash flow. They will have growth at the right time.
How do you suppose they lowered their borrowers interest rate if nobody was willing to lend?
No, that's definitely not what they meant to say.... Nor is it in any way plausible that a record setting grocery chain in terms of customer volume and revenue per store - a chain that doubles WFM in rev per store - a chain that makes over 100m alone, in 3 of their stores, would not have trouble securing equity if they needed too... But they don't.
They may not yet be profitable but they have leverage with respect to their borrowing capacity,
heard it live - watched intraday spike - aside from red hook I though the presentation was very positive - especially the reafffirmation that they will not need outside equity.
I agree completely and am in for the long haul but I had the same feeling at 7 and ALLOT of others had the same feeling at 8. Watchout for those 5puts.