Net receivable have fallen about $52M over the past year. Good luck printing a positve EPS going forward now.
6 years ago, Warren Buffett said that the S&P would beat most money managers over the following 10 years. He is winning that bet handily. So why on Earth would anybody believe that Tos can out perform Warren Buffett? Why is there anybody buying TSYS today when they could buy the S&P, which has only been down 5 years in the last 30 years? And Buffett has outperformed the S&P since his start-up. What has Tos done but bleed sharholders dry and looted the company for he and his chosen cronies?
Owning TSYS with it's crumbling revenues is a real head scratcher.
He says it's going to ZERO and I think he's spot on. The debt is more than the company is worth, by a lot.
The real bad news it that the CEO is in love with expensive airplanes and his newly aquired jet license has him too focused on aviation and not business cost cutting.
The employer mandate for Obamacare will start after elections are done this year and earning should get wacked for small and mid-sized employers. Raising the debt ceiling will result in more dollars printed and inflation will raise it's ugly head. restuarants will be paying more for products and employee costs while customers will be hit by their own Obamacare costs. It's like burning the candle from both ends for this business and many others.
Looks like they need to sell real estate in order to keep borrowing for new clubs, but use the word REIT to bedazzle the gullible.
And then the 4 year old tries to hide his lies by polluting the board with repeated garbage posts.
$4.3M could have bought/built a couple nice clubs that add to the bottom line rather than take away from it. Instead they bought an albatross for the CEO's enjoyment.
Most of the shares were sold between $11.50-$11.65 today. The spike from $11.50 to $11.72 at the close was just manipulators painting the tape. Trying to keep the price up for more selling in the AM tomorrow.
You did not sell 63% of the shares sold today.
"THERE ARE TOO MANY LIARS / DIP SH_TS / PER*VERTS (EX. KAPTAIN LOU, PAUL STUTZ, DONKENGEN) THAT HANG OUT ON THE O BOARD.."
You are the biggest liar here.
Remember how they held it at $8 for months before the recent 50% run-up? Well they can hold it above $11.50 long enough to unload shares on retail and then drop it faster than the "Tower of Terror" to take back the shares much lower while profiting on the short side.
Buyer beware above $11.50
Some of these places have been described as "an old warehouse behind a Motel 8". There so many stripper dives in TX that fit this and worse.
Then you have millions invested in buildings that belong to others like Miami, Vivid NY, and the many other leases. They just signed a 10 year lease to build a Bombshells. So they build a restuarant in somebody elses's structure, on somebody else's property, while paying the lease and hoping the place stays in business. Very risky for a low-margin start-up concept.
Correct. It's all smoke and mirrors to keep the stock inflated for more convertible debt or a coming share offering. Eventually this bubble will pop. The CEO appears to be just thumbing his nose at shareholders now with the 2 new planes. Somebody will take this stock down and buy a bigger stake than the current CEO has and will knock him down a few notches. You just don't insult your shareholders like this guy is doing.
No money "salted" away anywhere. When the S.H.T.F soon, you will be able to buy shares far lower than anyone here would have thought.
Intelligent people will be watching from the comfort of their home, not crammed into a 7,000 sq ft 3 story brothel.
$250M over 420 branches is $595,000 per branch!
That's more than the building and property cost for many of the branches.
I smell a rat.
Sentiment: Strong Sell
What they are doing will be obsolete in 4 years.
Sentiment: Strong Sell