Concern that expense growth will outstrip revenue growth, uncertainty over purchase of Bad Daddy legacy business, concern about dilution, heavy competition for diner dollars. Enough?
Bought a couple years ago at 2.20 and sold last year at 7.80. Bought today at the close 4.18 and looking to add. Revenues are strong but failure to reign in costs as growth accelerates and uncertainty over the N.C. Bad Daddy purchase has brought GTIM back to earth. I am hoping there is more evidence of management managing for profitability and not just growth in next report. Will be at Bad Daddy's Charlotte Douglas on Wednesday and next Tuesday to do my part. GLTA
Analysts who follow the industry have noted a drop in price of potash and phosphate based on supply/demand imbalance. Result is lower margins and earnings for MOS and competitors.
Mr. market appears to prefer hotel reits to circle the wagons and buy back shares than double down into what is now assumed a down revpar market. Can't say I disagree. On the other hand, if revpar growth is ongoing I would happy to be wrong. Cldt looks cheap in either scenario.
Law firm alleges that SHLO filed a form with the SEC noting its intent to hold back its earnings report pending an internal accounting investigation. Any insights out there?