I agree that acumen is not something normally associated with his posts. However, he is right about (1) the last quarter will be really bad, (2) it's hard to believe it takes them as long as it does to file their 10k, (3) they are burning cash at a high pace, and (4) hard to see why anyone is valuing the company at the current levels.
I'm not sure there's a single national chain that puts their prices on the website. The primary reason was stated by stocktomotrist.....they have regional pricing. The reason people go to....or don't go to...Ruby Tuesday is not because they don't know what the prices are of their menu items. You should make investment decisions based on the financial performance of the company and your perception of its growth prospects relative to its current valuation; not on whether you can find what their menu prices are.
When you ignore the venom spewed by Wassayassa and his rants about corruption, his message on the financials is likely to be spot on. Given their concentration of locations in areas hard hit by this winter, I suspect the 4th quarter's results will be abysmal. While the company has no long term debt, they are running low on cash and I think we'll find that after Q4, they will have very limited runway remaining unless there's a drastic turnaround.
Not a hater but sales are not "steady" and I'm not convinced it's an "expense management" issue. I think their margins are bad because the concept is flawed (gross margins are bad). Not saying they couldn't improve expense management but it's not enough to save the day.
why do you think their stores have any value to another operator? They don't own the real estate and the other operator wouldn't want their fixtures. The only way leased real estate has value is if the leases are below market rent but I doubt that's the case here. They might be better served having another operator just step into the leases on stores that are bleeding cash but that just avoids losses (which isn't bad) and doesn't yield new capital right away.
Tend to agree. Even without write-offs/reserves, I'm guessing the business will burn about $4 million of cash and that could be conservative. If that's correct, that would cut their cash balance roughly in half. This could be a summer Chapter 11 filing.