will take it back up to 21.50 area
getting too close to restated earning to come out mid year
Well, the strategic review is any management team on behalf of its ownership constantly review what's the best ownership form structure, operating procedure like the restructuring we did at Pasadena and I think we saw that the overall fertilizer market year-over-year was going to be improved. We also saw that that our operational issues had been overcome.
So we're generally optimistic about our business, but we’re also always curious whether big being two plants and the industry that is global with competitors that have double-digit numbers of plants and many lines of products in many different markets and supply basins whether it is the effort that’s done in its current form or others and we have prized assets.
And I think our goal is to maximize the value that our unitholders receive. So that is the goal and we are a large unitholder. So when people say, hey, I think you doing this to benefit RTK, I mean it’s absolutely we’re doing this to benefit RTK. We owned 60% of the units and we would like to see the valuation projected forward to be as high as possible.
Has anything surprised you so far you’ve gone deeper and deeper into this review?
No, I mean, no. No, this is a no.
company said in conference call they would be coming out with option that investment bankers recommend. Sounded like a sale of company was likely as 60% owner RTK gave blessing to sell it as well of CEO resigned off board of RNF. mid 20's coming. RNF CEO said that being a 2 operating unit competing with big companies with 24 units was not competitive and getting to that size just wasn't likely to happen......that says a sale is highly likely!
likely will take off after tomorrow when it pays out the quarterly distribution
from conference call remarks it is highly likely it will we a sale of the company as RNK who owns 60% gave its blessing to sell it and their CEO dropped off the RNF board. 20's coming quickly with CF and others wanting to buy this strategically located nitrogen producer.
nice setup, expansion of store base and raising prices
who group was sold off after issues with CMG and BWLD, problem with exchange traded ETF's
but creates bargains with good companies like FRGI
could see 5 to 6 quickly on any news of what their plans are to grow digital or restructure debt
say's group got beat up even in light of good earnings....time to buy!
earnings were decent comparing to industry, company is just beginning nationwide expansion and will kick up franchising going forward.....all positives
from looks of BWLD, CMG and others it was more of a slow time for all, not a company specific to FRGI, coming into travel season i'd expect things too pick up as with a stronger economy.
with their capital they could expand this highly profitable chain fast not only across US but around the world. CMG and PNRA or BWLD need new concept to expand with.
once 50.89 taken out in AH should see run back up to 60, stock way oversold based on earnings and potential on expansion that is just beginning
i agree! love pollo tropical restaurants when in florida. They need to pick up franchising them nation wide, great concept!
58 to 60 on good earnings report. FRGI got hit with company specific issues that are plaguing chipotle and Buffalo wild wings and not industry. Fundamentals of cheap oil/gas and improving economy will benefit restaruants going into the summer travel time.