We'll have to wait and see. I don't know what the participation rate was at the conference. Listened to some of the Q&A. The analysts are concerned about softness in D.C., CO and Austin which they addressed. New area manager, relocating some stores, etc. Whether they addressed it to their satisfaction is yet to be seen. CFO seems to think the same store comps are consistent overall but also admits that a 20 year old company is mature in restaurant business but says soon will have 500 stores. I am hopeful that at least one attending investment bank will upgrade. Fidelity has a very bearish analyst rating on the site. The shorts are hanging around for a reason. I personally don't think the marketing team (if there is one) is doing much to promote brand recognition.
NDLS has a chance to win back some investors today. They certainly have their work cut out for them. The webcast presentation can be accessed on their company website under the investor tab.
Acting just like AAPL after a super ER. Hit a high of 113.30 on May 5 then the short term profit takers came into play. Waiting for that Summer blockbuster maybe?
It was the guidance. Investors want to see guidance being raised! EOS This too shall pass! Just think what would have happened had they missed!