Brewers have the best record in baseball. 11-3.
Sentiment: Strong Buy
I stopped at the P5 on Sunday. Was ticket 10147 3:05PM. This morning I got a call from another investor, his son visit this same store last night. His son stood in line for 40 minutes around 5:30PM, it was so busy. Glad to hear the Dallas store was also hovering around the 200 receipt for the day. I only spent $2.01. Had a free pie with my points.
Earnings should be pretty good for the first quarter since they lost four executives. No work no expense. If they have some severance pay on the earnings statement this next report, then we will know these guys were asked to leave. Bikeweek starts in Daytona in a few weeks, I hope they get the word out to the bikers. Some 300K bikers roll in for the 10 day event. Will Den56kk be setting up his booth in Daytona?
The one thing that kept me from investing is that no one ever discussed how fast this drug gets in to the blood. The body then washes it out fast. I believe OPKO can perfect it. They love turning losers into winners. Great info.
That's not true. You only have 20 years on your formula. They could cocrystal this, they could figure out a hundred ways to reformulate this drug. Qusomes comes to mind. I will pass this on to Dr. Frost's team.
Bet eckgar1 wishes he could remove BLIF post. Formulation patents protect little. Hundreds of ways to formulate a drug. Great piece. Thanks a bunch.
My wife surprised me with a pie yesterday. She stop at Pie Five just before 7Pm. Receipt number was 10226. A Thursday and still breaking that 200 receipt mark. I plan on going Sunday after my golf game with a few friends. I pointed out to friend who has shares and he has been stopping when they first open up and the feed back is the same as I saw. The Youtes (line from My cousin Vinny) are still coming in early.
I also want to mention that I heard several weeks ago that management at PI would be shaken up. This was no surprise that a few of the senior management would be leaving. That the company was going to become very aggressive on growth. I also heard that Tennessee would be opening two stores pretty fast.
That Port Orange store is setting all records. I believe they alone will do well over $1.3M. Not the most exciting numbers.
Could they be taking this Private? Then grow the business and re-issue stock? Small float, pretty easy to go this route.
From your post are you saying they should never had started a P5 concept? Or are you saying they should have called it PI and had confusion from customers on exactly what they do. The name Pie Five is gold. It exactly express what they do. Pizza Inn and Pizza hut are dinosaurs. The two Cici's in the Daytona Beach area, both went bout of business. In fact the one Cici's was less than 3/4 mile from the Port Orange store. I can assure you they didn't go out of business because lack of customers. The Port Orange store was packed. They went out of business because of the business model is low profit margin the store made.
P5 is a WIN/WIN for the franchisee and franchisor. Then again you sell T-shirts and have the mentality of a carnival worker.
Yesterday I treated a friend of mine to a pizza. I wanted him to experience this first hand. We went when they first opened, was actually the second order at 10:42am. But as we sat there at least 10 customers walk through the doors before 11am. But the demographic that I watch was this was young teenagers. The girls were buying the salads and the guys the pie. But before we left the store at 11am, there were 15 kids eating lunch. I serious doubt that there is a single dominoes in the country that at 11am there are 15 young adults ordering product at before 11am.
The salad is definitely a winner with the youth. The key here is the benefits that P5 has over dominoes on so many levels. First the salads, next the fountain drinks, I paid $3.78 for two drinks. We all know that this is a very profitable item and Dominoes would love to have piece of that action. I have already earned a free pie according to my Crust of friends account.
We could see earnings next week. The previous quarter stated that some college P5 stores had some drop, because of school recess. That will improve with these numbers, because kids are back to school. I haven't seen the desert's selling that well. But it's a add on and beverage and salad/pie are the key profit centers.
Daytona 500 crowd starts arriving over the next 10 days and then the bikers follow. I hope that the owner here finds a way to advertise to these groups. The spring breakers right after this, so lot's of opportunity to expose many visitors to P5.
Got there right before it closed. Bought a couple of pie's. As expected they were slow night because of the big game. I was ticket 10219. So they had a very good day even though it was slow night. Anything above an average 200 tickets a day, puts them in the $1.3M neighborhood of sales for this single store.
On a side note, I have to say this is darn good product. Looking forward for lunch today, where four slices await me. Hopefully other locations are having the same success as Port Orange location.
My wife and I and another couple had dinner last night at P5. I was surprised at how many people my wife knew from teaching who were at the store. We were receipt 10215. We got there at 6pm and while we ate, at least another 50 customer came through the doors. I watch some of the kids to see if they enjoyed the pizza and notice how they cleaned off the whole plate. I learned they offer a kids plate and price. You win the kids over you win the parents. Our friends enjoyed the pie and side salad. Talking with customers that sat near us, they commented on how this was there third time eating here and enjoyed the variety, the women made the specific comment how she tries something new each time. When we first got in line, there was a woman waiting for her 8th to go box to finished.
This was a Wednesday night and I would estimate that they hit 300 receipts for the night. This stock is a steal at $7.11 in my opinion. The success of this store, will create a buzz with future prospects. I noticed yesterday that my pie crust was crisper on this visit, I believe they made an adjustment to the cooking time or temperature of the oven. I saw this as a nice improvement. 250-300 receipts and returning customers. I have not heard one bad thing yet from customers and this is my 4th visit.
You assume that one receipt one person. I have watched one customer walk out with 8 pies. Families order several pies on one ticket. The average ticket is around $18. BTW a friend of mine stopped this morning for a pie and was told they ran out of boxes again. Sales at this store have been way above expectations. They have been open two weeks and he heard they were very busy this weekend. Word of mouth is strong in Port Orange.
I plan on going Wednesday with another couple. I wish I could get away with just $8 bill for my wife and I. Here's my math
$18 x 200 x 360 days= $1,368,000.00. This I feel is very conservative for this location. Daytona 500 crowd starts up soon and follow that with bikers.
Ticket counts are the one tool we have to measure sales by. If these stores average 200 tickets a day, that's something like $1.3M in annual sales. The one advantage in sales that P5 has over Domino's is that we have the fountain drink sales and we also have a minor additional with the side salad sales.
We do need a decent quarter update. Would like to see some news from Atlanta or Denver.
This is the information on this trial. It spells out when the trial should wrap up with data collection.
Estimated Enrollment: 210
Study Start Date: September 2012
Estimated Study Completion Date: June 2014
Estimated Primary Completion Date: March 2014 (Final data collection date for primary outcome measure)
If you want some cheap stock, that timeline here spells out you are running out of time. The buyers waiting will start backing up the truck soon with results around the corner. Speculation buyers will load up as well. You are cutting this close if you are bashing in hopes of cheap shares.
Sorry Daytona crowd starts mid February. Not next week like I posted. Next week is the Rolex 24 hour race.
I stopped at P5 in Port Orange last night one week after their grand opening. As I pulled up there weren't many cars in the parking lot and just one person in line and a few sitting eating. The staff was cleaning up the store. Here's the good news, I was ticket 10263. 263 tickets is very impressive. I spoke to the staff as they set me up on my Crust of Friends card. I was told that they were so busy the first week they ran out of to go boxes. They had to buy some generic ones.
I plan on giving my late test again in about a month on a Monday. If t5hey can average 263 tickets a day times $18 average times 360 days=$1,700,000. I also want to bring it to the attention, Daytona still hasn't hit it's stride on tourism. That begins next week with the crowd for the Daytona 500 and continues through the summer. I hope that they find a way to promote the product to the bikers that will be coming to town in early March. Since Daytona has so many events that bring back repeat customers, just like us, we all like to visit restaurants in places we travel and look forward to going back if we like the product. Bikers come to Daytona and return for the next 20 years. They look forward to the break in the weather from all around this country. Bet Den56 would agree on that point.
I also heard that Denver could go next on the store openings. I don't know if this is company or franchise. I also heard they will get aggressive on store development. Expect some news updates in the near future.
So far this Port Orange store is blowing the doors wide open. It's not the greatest location and still impressive numbers.
I think this store does over $1M and maybe $1.5M. I just got a call from a friend who was on his way to P5 in Port Orange. I asked him to call me with receipt number. Just got off the phone, he was ticket 10182. So between 12:01 and 4:30 they had additional 130 receipts from my purchase at noon.
He said there was a nice line when he left. My friends bill was Just under $50. He said a women was carry out 8 pies boxes. That's another $50+.
200 sales a day times $18 times 360 days =$1.3M in sales. This store was up to 182 tickets at 4:30pm. I also believe that $18 is a very conservative number on average ticket sales.
Have a good weekend and hopefully these are the building blocks of a profitable company. I also like this next quarters numbers, since a few of the company stores are near colleges and that should make same store sales numbers look better this reporting quarter.
Stop today around noon. It was crowded and I was 12th in line. My ticket was number 10052 so I was the 52 receipt and time was 12:01. There were 3 port orange finest in front of me and three more arrived a few minutes after I got there. I estimate when I left there were 10 people in line. So approximate 70 receipts before 12:15.
The best part was the owner was there, he was walking around introducing himself. He wore cowboy boots and designer jeans. He came our way and stopped at the table with the officers first. He then came to our table, he introduced himself, I said I knew who he was. I stated this was my second time to the store and I was also an investor in PI. He stated, that it never occurred to him to buy the stock early, when he was in Dallas. He said he was so excited to open his first store it just didn't occur to him. He did state that he recently purchased shares at $8 area. We discussed the second location for Daytona area, he said a Starbucks and he's pretty confide that he will secure the other space. He would prefer the starbucks location, but said they will give him good exposure.
He asked to remove my tray, since I was finished with the pie and then headed towards the cooking area backroom. I think 70 some tickets by noon is awesome. I spoke with a few of the girls making the pie, they stated they have been busy. I want to point out, I have never seen such happy employee's. Maybe the novelty of the operation? I should have complimented him on that aspect.