It's sitting at the mid point of the channel. Of more significance to me is that insiders were buying. CEO bought March 13 and director bought May 5 .
Slow grower??? Increasing distributions 8% per quarter.. 2 more drop downs this year. Take a look at PSXP. same type of mlp, $35 to $70 in one year. nuf said.
Stil not sure if its shorts. Latest month- old stats show short interest a minecule .1%. I know its a month old but,...... Maybe its a fund loosing interest in the stock and sees better returns somewhere else.???
I agree however, wonder why short this stock. Excellent Article in NY Times discussing shorting by the hedge funds. Studies show that short interest is a very good predictor of future stock price declines. The retail investor gets short interest info about one month old. The hedge funds however, get it 2 days or so old. Talk working against a loaded deck.!!!!!!
Why? Find a stock that has a 12% distribution growth rate, almost no debt, a Return on Equity of 80%, selling at an EV/EBITDA of 1. -)). INSANE. I agree, tis worth $28. Stock is acting as if the plant blew up.
Organic growth means growth through improvements in internal operations such as productivity increase, operational efficiencies. Inorganic therefore, is external growth in the form of takeovers which are immediately accretive to earnings, shares buyback, etc. IMO..
Looks like they beat analysists expectations by .01 cents. Comparable same store sales looks al little light at 6.4%. expecting 8 - 10%? From IBD, "We believe the U.S. market potential for Fiesta's brands could exceed 1,000 (units). Given an annual unit growth projection of 8% to 10% (mostly Pollo Tropical), we estimate a multi-decade unit growth opportunity."
I guess part of the premium is if the deal does not go through although I agree with u, looks like a good deal.