Hey, D-head just stating the facts. I am neither long or short. I had a long position, but sold it after I heard mainly bad news. Yes, there first e-report was ok, but they have a ton of cash from the IPO. Normally all that money can make a balance sheet look pretty good, but that doesn't mean it will continue. The locations in California were averaging only 2-3 stars also. Actually the one near me is a BBQ place not Mexican Food. Mexican food places will not make it in Houston unless they are good. I have seen dozens go out of business just in my area. The 3 locations in the Houston area are 30 plus miles from me, and all are located outside the main commerce loop in Houston. Longs I would suggest you do your DD before you get to far into this one...Good Luck!!!
El Pollo Loco locations in Houston are closing. I think I seen a new one open or it had a similiar name.The one left about 20 miles from me is rated a 1 star. I am going to eat there this morning. Does anyone know why a El Pollo Loco food is marginal at best and 30% of there stores are going out of business.
If your going to make a statement like this put some MATH with it. OooH!!! that right MATH has nothing to do with this market!!! At least logical MATH.
Ok shorts how low it will go, and is there something else bringing it down. How can anyone really invest in this stock market when at ANYTIME big money can manipulate it away from the rest of us that play by the rules. Its really getting PATHETIC!!! It seem like its gotten much worse since the 2008 downturn. It looks like any stock at any time can do whatever big $$$ tells it to do no matter how illogical it is. How can people really have faith in this market, when this happens???
There is no safe stock even if we had a booming economy. If the big boys target you, then you are at there mercy. If they can do it to Apple, they can do it to anyone. The part that #$%$ me off is that they are doing it with borrowed money and insider information. Is it legal, who knows??? Its a club that only a select few can join and the dues are very high. There is no logic in Yahoo being down, that's why this move was so profitable. On paper it should be minimum $47 bucks.
I hope your right, but I have a funny feeling about this whole deal. They are always talking about a false flag event, well this in a symbolic false flag event in my eyes. Good Luck!!!