Still only have a small position here. Concerned that it goes lower because, well, like on the upside, an object in motion tends to remain in motion until it stops.
Also, compare the size of Beckers buy to the first time be bought. Even though he more than doubled or tripled his money on his first big bet, this bet is smaller.
When exactly do brick & mortar retailers die ?
Walmart isn't going anywhere. But do we really need PIR, BBBY & TUES type stores going forward ?
Im long TWMC and the same can be said about them. But they have a very solid balance sheet and have proven their ability to close stores & downsize without huge hits to the balance sheet.
My price was $10.01 for the longest. Then I upped it to $10.06 and yesterday to $10.08.
Little did I know the market was going to tank so bad. Else I would have lowered my buy price to probably $9.50-9.75.
But, from a long term perspective, I feel very comfortable owning these $10.08 shares.
Last year was 78.9 million and 59 cents per share. Estimates are 35 and 46 cents and 69.6-74.5 in revenue.
For the full next year, the 2 estimates are 1.24 and 1.30 up from current year estimates of 1.04-1.15.
I don't know where they will be but the stock seems cheap unless estimates are just way too positive.
Have to presume insiders are locked out right now. For probably 48 hours after earnings.
All this suggests we have a month of uncertainty ahead. Unless they preannounce something.
15 times next years midpoint= 19.05. So we have upside with limited downside.
Seems to me the current price of 10.15 prices in almost a worst case combined with a bear market.
On a per share basis ? Weathering the storm is good but how much will they lose while doing it ?
I post on lots of stocks not only ones I own.
Or do you subscribe to the "buy it pump the #$%$ out of it" school of thought ?
I like to deal with reality regardless of my position.
That's why same store sales don't start for like 18 months for new stores.
Average unit volume being down nearly 10% is a big deal as it speaks to efficiency. Or lack thereof.
I guess the yield is attractive. Where else can you find stocks under $5 that yield 5%+ without a lot of uncertainty ?
20 cents= 5.8% at 3.44 and 6.25% at 3.20.
LOAN is another stock under 5 that has a higher yield. Roughly 8.2%.
I still own it. Going to be a couple more years before they get out of bankruptcy. But they have been paying as agreed and faster but we have no idea how sales are exactly & such.
The only filings are bankruptcy ones which only show how much was paid off & when, not how.
So we don't know how much was from property sales & so on.
5% holder owns at a 56 cent average. Now its double that. Not sure if he just bought it to mark up his own position or what.
Apparently the filings are on pacer but I got the company to send them to me.
The details just aren't like we are used to seeing for public companies.
I think the planned date is Sept 2019 and they say they will meet their obligations by then.
Its very hard to value with the information that is public.
How much debt ?
I sold out before the runup to $16 and I don't see any reason to buy back in now.
Too much competition. No barriers to entry. Every sub shop can duplicate what they are doing.
Not to mention SO many others trying for a limited pizza market.
I have seen EVERYTHING they have done over 13+ years. All their past multiple failures and the value destruction. All came with plenty of BS hype & paid touts. And they ALWAYS failed to make shareholders any money.
Its like a cult. You are either a true believer or a deceiver taking advantage of the true believers.
One thing never changes, No material revenues and no profit. Ever.
Are we REALLY to believe that after so many years of failures. they just lucked upon 2 huge money makers that the entire venture capital industry missed ?
In my area, they are mostly in ghettos.
EZPW sold their sole to the devil and now they are being punished for their past sins.
And the realization that their core business just isn't that profitable when so many other options are available elsewhere.
In an area I drive buy, there was a freestanding pawn shop, an independent that had been there 10+ years and a couple of years ago, a different independent opened in a strip mall not far away. The free standing one closed up recently.
The area is unique. On one side, my side, its a poorer area, the other side is a richer area but a lot of people from the poorer area drive past it to shop in the better area.
I can drive 3 miles from my house in 2 different directions and one way is full fledged ghetto and the other is a pretty decent area. for now anyway.
Im not sure EZPW offers any advantages over independents. JUST ADDS overhead.
Both down about 75% over 1 year.
Over 2 years,PIR is down over 78% and TUES 61%.
Has to make you wonder & worry about the entire bricks & mortar retail sector.
5 and 10 year charts also show plenty of red ink.
The lack of insider buying at PIR is bothersome. But Im not sure TUES is immune from shifting consumer shopping habits. (Online)
Becker stepped down from the SDOI board after dumping his entire position at a loss and discount to cash .
Who needs to manage money when you can earn $700k + while learning to be a retail ceo?
It seems nearly everyone lacks confidence in the BH board & their egomaniac CEO.
And apparently not a single one of them gives a darn.
9.9% decrease in the system-wide average weekly sales.
That's pretty meaningful.
Metrics moving in the wrong direction by a huge %.