They'll be labeled and out of work! EOS
Whenever these monkey at Morgan Stanley and the like start downgrading, its time to buy the names. Loaded up on WYNN and LVS today on the bogus downgrade. The guys are legalized pimps.
Wonder why they are holding out on the split! Seems so logical. Might bring a little stability to a very unstable stock.
...Buffalo Wild Wings, Inc. (BWLD) , known for its restaurants focused on wings, beer and sports, is expanding its pizza business with the opening of its second PizzaRev franchise restaurant in Edina, Minn. in suburban Minneapolis on August 21. The new location of the Los Angeles-based, build-your-own artisanal pizza shop follows Buffalo Wild Wings’ first PizzaRev restaurant opening in Hopkins, Minn. – and the first PizzaRev outside of California – this past May.
I couldn't figure out why he put RRGB even in the same category with BWLD. BWLD had a phenomenal quarter and can't compare with this horror story stock!
Admittedly I'm kinda feeling that way bout now. If management had just reconfirmed FY guidance we'd had seen a whole different reaction. This one can turn on a dime though. If it moves back above pertinent technical levels its off to the races.
In a WSJ video interview with Peter Robinson from the Hoover Institution, Wynn said the local Atlantic City government was "corrupt and stupid" and that the state government wasn't stepping up to take advantage of Atlantic City's potential. According to Wynn, this is what led to the city's decline.
From the interview:
"And I kept saying to governors of New Jersey: 'You must take control of the central planning of this community if it’s to save itself. Right now you’re the monopoly on the East Coast; that will end someday. And the infrastructure of this city has to be so big, that it’s like Las Vegas. Las Vegas is surviving in spite of everything because the infrastructure here is so big. The menu for guests is so great. Atlantic City can’t just be a local #$%$ game. It’s gotta be a destination city.
I couldn't agree more. Don't quite understand the pressure and wondering why McLean and Ford issued downgrades while Sterne Agee upgraded. Could it be based on costs? In all other aspects, BWLD appears to be running on all cylinders but seems to be adored by the short sellers!