Only Q is whether one of them steps up here to take the prize away from theothers and whether Casa will accept what it is worth. Won't get cheaper without BK. Might not be cheaper in BK once they do something for equity participation, and have to compete with each other to get it and there is that risk that IO is near a bottom if China is stimulating again.
$25 should get it done. $20 might do it. There is alot of smoke and this time, for the first time in CLF history, CLF management is trying to sell a substantial % of the assets anyway. Not a big step at all to just sell it all.
Category confirmation. One of the risk factors for P5 is whether fast casual pizza will stick for consumers. Pizza Hut is admitting this category will survive and that it is a threat to conventional pizza delivery.
At this stage it is all about risk elimination and this story is a P5 net positive.
Pizza Hut may have been the news the market was waiting for but it actually confirms P5 has opened a new category. Aligns with the neckline test and MACD crossover that is imminent. Time for a bounce. Absolutely needs to exceed the highs this time...management are you listening?
These two guys are the Cheech & Chong of the investment world. Not invested but lost a bit on a flier a year ago and now having s good laugh watching this company roast on a spit.
If you were short from $60 congratulations. If you were still short at $1.80 stop whining.
This is the turn. Over the 50 SMA press longs. The strongest shorts will hold on until $10 providing a steady flow of fuel for higher proces. This is great but it means nothing - yet. Recovery lives in the 20s.
The only chart that matters fundamentally is China which is down 30% while the S&P is up over 100%. China is approaching a break out of the 2011 channel. If that happens, coal and iron will explode.
If this gaps over and forms an island reversal off this base...
If Europe does QE small caps are the best investment. Monif is one of the best candidates to benefit given the payments secular trend. Could be we are seeing that begin to be reflected in the chart.
I hope you're right. I've been long since 2012 and bought on all dips. Where do you see them in 1,3,5 years?
They're doing great but it is taking too long. There is no sense of urgency. I say it again, CA matters and they had better show a path to open at a pace of 300-400 per year in 12 - 18 mos if this is going to break out. They have some great franchisees but 2 restaurants in FL in a year? In two years since they had this concept they've opened a few dozen restaurants?
Schwartz runs this board like he doesn't need input from anyone else yet he has no restaurant experience. The insider deals for an annual management fee and control of capital raises are both lame, penny stock behavior.
I like this concept and I see unlimited potential but I don't like them going after easy markets and I don't have the sense they see this as a sprint, which I believe it is. One unintended consequence of that strategy is they are undiscovered. Capital isn't finding this concept which is reflected in their growth.
I don't buy into the idea that there aren't enough locations that meet their criteria or that their franchisee requirements are so strict that no one qualifies. Pieology is growing like a weed in CA. They don't seem to have issues with location or capital. A clear money maker will draw in good franchisees. They're a dime a dozen. Growth companies don't make excuses.
PZZI's key competitors have formed strategic alliances to help go to market and they aren't distracted with garbage like Pizza Inn. By using PI for infrastructure, they are forced to focus on the same markets where PI operates. Those aren't the markets for a hot restaurant concept at this price point.
They need to sell Pizza Inn, focus all their energy on P5. The BOD needs to add restaurant expertise. Schwartz needs to stop self dealing. A diverse board is a good idea. They should look for a strategic partner to help roll out faster within an existing network. Urgency needs to become a bigger part of their corporate culture.
Critical that it happens now or this stock is going to break down. Interesting how it's all lining up for the SH meeting. Time to lay out the story and the plan in a way that ignites sentiment and convinces investors that they won't be diluted out of the money. They need to show how they will grow P5 300-400 stores per year within 12 months and for how they enter CA. Leaving the West to the other chains is a bad call and it needs to be corrected if P5 wants to be a category killer,
They also need to have a plan for Pizza Inn. The market pegged that asset value at $20m for years. If they can raise that for PI and use it to launch CA without dilution, I'm all for it.
Weekly is at a crossroad. Massive cup and handle or HS top? Stock just bounced off the neckline. Time for P5 to move the needle. Sentiment is critical for a company that depends on shelf offerings to open stores at 5-10% dilution per.
If they have a rabbit in the hat, it's time to pull it out. If the stock is allowed to breakdown the road gets much tougher. For this company.
I have been long since 2012 and have added on all dips. It has been a good stock but not an incredible one - yet, but it holds that potential.
Time to move.
China growth re-accelerating. JPM reminds the market CLF has largest US market share which is insulated from seaborn IO because of Great Lakes smelters. Someone is going to realize they can buy the largest IO miner in the US at bargain price and with Casa in the driver's seat everything is for sale.
Now smart money short from 15 takes healthy profits and waits for at least a fail from a test of the 20 day if not the 50 before re-initiating. Above 10, it's a new ballgame.
Maybe there's a reason why nothing from Casablanca despite stock being cut by 1/2 in a month. They're nothing if not ruthless. Glencore isn't doing this to acquire RIO alone. It will use RIO as a platform to make a killing off the cycle low.