Congratulations to Bridgford Foods for delivering a very solid first quarter earnings report. Big increases in sales, earnings and cash holdings, is what it is all about.
I would like to see the shares dip back down to the low $8's, so I could load up again. This is nothing more than a merchandising game-buying wholesale and then selling retail.
rkr391: $200 million in real estate value, or about $7 per share. How does management only being interested in the real estate value benefit them? Not sure I understand the meaning of your post.
Just a few minutes ago, another form 4 filing was posted, confirming an additional 20,000 share purchase. Why is the CEO buying so many shares?
The redeeming quality of this company, is its massive real estate holdings. There is certainly hidden value there, that Private Equity would love to exploit.
Why has the CEO been buying so many shares recently, in the open market? What are his intentions? Is he possibly trying to manipulate the shares (pump them up)?
Danin (the stock market guru) should we buy more this am or would that be simply attempting to catch a falling knife? You know what they say, be greedy when others are fearful
Even Daninfw04 likes the shares at these dismal levels. Follow the smart money. If he is buying, so should the rest of us. The guy has a proven track record and a thorough understanding of the industry
hey danin: I am curious. Do you ever do the opposite of "pump and dump"? it is what I call "bash and buy". it is merely an attempt to bad mouth a stock to create selling pressure. The intent is to be able to buy the shares cheaper. It happens all the time in the stock market game.
We have rallied above $9, despite a very weak overall day in the market. PBY's high relative strength is certainly impressive. A rally to $10 by week's end, is not out of the question. Sorry shorts-it is time for more squeezing pain!
probably heading above $9 within the hour. No point chasing it, anyways. I think short covering is the reasoning for the spike.
you sound a bit more bullish today than yesterday when you said only buy in the low $8's. Now you are claiming the company is worth $9-$11? I think it is only worth what somebody is willing to pay for it-that's $8.73 at this juncture.
he wouldn't recommend it unless he was done with the purchasing process. Why would he want to compete against other buyers bidding up the price?
Two huge points I detected from the Conference call: (A) Comparable store sales are up 2.4% so far in the fourth quarter-this is likely due to more miles driven, from the free fall in gasoline prices. (b) the fair market value of the company's real estate value is $720 million. This is probably why Gabelli is licking his chops.
It traded at $2.75 in Jan of 2009...why can't it fall back to that level again? After all, Is PBY in that much better shape than it was in 2009? It seems like the same old company as it was five years ago, as it is today? Why do you think $8.50 is a floor?
daninfw: thanks for the advice..you have made more money than anyone trading this stock.. haven't you made over $1 million in profits on PBY? I like to follow the smart money and you sound pretty damn smart.
that already happened. Shares traded in the $8's yesterday and just crossed there this am in premarket. Maybe you will be a buyer?