This a "patience" play. The time for a quick profit was last year. Now it's "wait and see" time. I believe the future is bright for TACO and hope that we can shake loose the short grip soon. I notice one headline was "TACO misses earnings" since 4 analysts expected 9 cents and got 8. The headline failed to mention that Revs beat and guidance was good. But as cashewking said below, we need the stock to get some PPS traction and that will only happen via some news management. Clearly Levy and Co are better at managing a restaurant business than investor interests. Again, this a "patience" play. Good luck to us all.
I also have 8000 shares (actually I 8000 warrants). And I feel and share your pain. I don't watch it everyday. But I am trying also to be patient and hopefully see some recovery over the next couple years. I suspect it will take at least that long.
I'm not sure if you're looking at the right stock but you are completely wrong about your TACO claims. Revenues and earnings have mostly increased consistently since the LEVY acquisition and the average rating is 1.4 with 7 analysts on Yahoo when removing one-time costs (of the merger). Zacks and Valuengine rank is about 1.5 with nothing lower than a hold on either site and strong buys dominating.
Yes it is and I don't get it. I suppose it's all the shorts. Although the insider resale a few months back for $12 when the PPS was $15 started this slide and we've never recovered. At some point I imagine the stock will turn up but there has to be better PR to draw retail interest. Right now the shorts seem to own the show.
Well it seems like little is being done to promote the stock. I agree with pippo that there should be lots of upside but TACO needs investor-PR help to drive out the shorts.
Over the last few weeks I've sold (and bought back) puts for a nice little premium. Seems like every week there's some gut-wrenching but always something comes along to push up the PPS, whether valid or not, and that allows me to escape with a profit. This isn't high-rolling for me. I never use more than 10 contracts since there's significant risk, of course, but I have managed to make 4 successful round-trip trades out of this. Good luck to all.
I've long been a runner and a trader. 15 years ago a friend was tiring and slowed to a walk. I was all about finishing strong - injury or no. She said "I run to run another day." That marked me in running and in trading. I trade to trade another day. Thanks and good luck.
They didn't say that. Why would you say they did?
That's me. I bought to close this position at the open. It cost me 70 cents so 1.10 - .70 = .40 x 5 x 100 = $200 profit less commission and cost means I keep ~ $190. The news this morning was encouraging but also a little scary. I wanted 50 cents but it was obvious from the open I wasn't going to get that and honestly I was a little relieved when my adjusted price of 70 cents filled. So given where it went the rest of the day, I think there's some significant downside left.
Well it may be dangerous. VRX is certainly more risky than the stocks I usually do this for income. But it's a calculate risk. If they go bankrupt I'll be very unhappy.