Sonic recently announced they will be working with a local franchisee to open their first restaurant in Buffalo, NY. It will seat 100 people and have 20 bays making it the largest restaurant in the chain. They awarded the franchise after locals began a petition drive to bring a restaurant to their city. The city became heel bent to get a franchise after one opened in neighboring Rochester, NY, which is enjoying brisk business. So their business model seems very, very effective.
Looks like you have some anger issues. Life's too short to be consumed by anger, it only makes you unhappy and those around you uncomfortable.
It is what it is. It's fast food with a nice variety of items at a reasonable price. I think they do that very, very well, they have a great business model, so it's not a second rate hot dog stand. They don't claim to be fine dining. However, I must agree that the share price has gotten ahead of itself on this one. They had a great run up that may need a correction.
I thing expectations were higher than just meeting their earnings projection. At a P/E of 32 the price may be a little ahead of earnings.
You're right, I agree with waiting. I would rather wait and miss out on a little profit than rush in and go watch oil go down to $30. The trend is falling, I'm not smart enough to call the bottom, will wait and see.
I've been watching UWTI also. Don't really know how low oil will go, don't think anyone does. Can't imagine it going below $40, but didn't think it would ever go this low.
I love these guys, on every big drop "oil is forming a base". They said the same thing at 100, 95, 90, 85 etc. etc.
buffalo3112 - Looks like Buffalo, NY is getting their first Sonic franchise in August. We've been waiting a long time for a Sonic to open in this market!
My wife and I would like to apologize for the actions of our son who posts as bababara00 on your message board. We both work and have to leave him unsupervised when he gets home from school. We try to restrict his computer use, but he still manages to figure out a way to get online. Please be patient, he is a little slow and means you no harm. His classmates can be very cruel, so please be patient if he gains access to your message board, he has enough to deal with.
I apologize, my wife and I both work and he doesn't have any adult supervision when he gets home from school. He means no harm, he is a little slow and it makes him feel good to pretend he is a grown up businessman. His Uncle is a broker and pretends to buy and sell stocks for him, it's all he's got, the kids in school can be rather cruel to him.
Young man, why are you playing with the computer again? You better have all of your homework done by the time I get home from work. I'm going to quiz you on your spelling words, you better study them or no dessert tonight!
I will speak to him when I get home from work today. He is supposed to be cleaning his room and doing his after school chores rather than playing with the family computer. I am sorry.
I apologize for him, his mother and I try to restrict his computer use. He should be doing his homework and cleaning his room rather than posting on these message boards which are intended for adults.