If you don't have the cash flows from business income, then you can not sustain a dividend without borrowing further diluting your free cash flows.... At some point, the well runs dry.
Do you not know how to look at a very simple cash flow statement? It's a required reporting.... why don't you go have a looksy or is that just way too far over your head?
they still do not have the cash flows to pay the dividend unless using borrowed funds..... if you don't have the cash, the dividend sooner or later will be reduced.... it's very basic concept.
CMG is going to move back to it's 200 day moving average. No question. If only they can show an answer other than increasing their food prices to compensate for higher wages and food costs and build outs.. They can't.
I'm shocked it held here today. Won't be for too long though.
put your money elsewhere while you still can.
should be about 20..
They are so overvalued and are going to be hit with higher minimum wages and higher food costs and already lost client base.The only reason that same store sales even were where they were at was they increase prices. They can't just drive prices up and up and expect loyalty from customers. It's already failing their model. They grew too big too fast and the Wow factor is gone.Cheaper to eat out elsewhere.
Program Trading is apparent on this. Based upon the feed of the trade spread, this is going to drop very quickly to 660, little support is seen.