I bet they don't last. People don't go to a quick service pizza place for breadsticks.
Probably need to focus on building sales at dinner.
I don't think much of big lots. Its as if the entire store is plano-grammed with the same merchandise for 1400 stores. Very little is real closeout stuff in my view.
Everytime I go on there, I think, they don't have anything better than the dollar store or Walmart. And they are right across from Walmart & down from the dollar store for me.
They do have some lower end furniture.
I recall 20+ years ago when I first went to a big lots, it was a lot junkier but you knew it was a close out place.
Now, its just another retailer.
Granted, the same can be said for TUES, I guess.
I think TUES competes against places like BBBY and its $7 billion marketcap.
Depends on the market I think. Never can tell with such a turbulent market and an untrustworthy ceo & board.
If we do drop closer to $300, Im going to add shares while holding my nose.
What is the correct "Biglari discount" ?
Will the board realize that it exists and do something about it ?
The former CEO of applebees isn't vouching for this mgmt. team.
Good operators can do well with any brand.
The guys in charge here aren't good.
I get it. They are an appetizer. When you are at a busy pizza place and its going to take 15-25 minutes for your pizza, bread sticks give you something to snack on while you wait.
It doesn't make very much sense for a quick service place.
I get it. dough is cheap. But how many people trade down ?
Those haven't been adjusted recently so we will see what they do with them in the upcoming days/weeks.
RCKY has a solid dividend and many years of profitability. I just turned on DRIP for my RCKY dividends in my IRA. Probably should do it for my regular account too.
Lets go with $1.30 in EPS for 2017 and a 12 multiple. That's $15.60 in 2 years. If we use $1.10 and a 12 multiple, we are looking at $13.20 in a year.
And I hope for a lot more than that.
In the past, I always got cash dividends. A month or so ago I turned on Dividend reinvestment for FSP because the shares are a good value at current prices.
My DRIP price as of yesterday was $9.0188 via my broker.
If anyone else does DRIP for FSP, please post your prices. It varies by brokerage.
I will try to remember to turn off the DRIP if & when we go back above $12. I think that is a near certainly. Its just a matter of when.
It wasn't fully expected. Look at the estimates, they were a lot higher.
Still, the stock is darn cheap unless you think 60-70 cents per year is the new normal. Ive got buy orders in at lower prices. I forget exactly where.
I expect we will see more insider buying in the coming days. At least I hope so.
18 cents versus 59. Sales down 17%.
I guess that justifies the stock price.
Its time for Sharp to deliver or be fired. And if he cant do it, the board needs to put the company on the block.
Stock is still cheap but I didn't imagine it would be this bad.
But Im still holding all mine.
Mark Roy Anderson. He even hired his right hand man.
Anderson is in federal prison where he belongs.
BLGO lucked out in that they were going after bigger fish.
But the bottom line is in 14 years of trying multiple failed businesses, all they have ever done is lose a lot of money.
They touted Odor No More for years. Revenues are immaterial.
Do they want people to trade down from a pizza to get bread sticks ? Do 3 people share a pizza & bread sticks ?
Schwarz needs to put the 2 chains on the block or hire a competent president.
negative comps. God Awful avg weekly sales. More store writedowns. Spending like drunken sailors.
Gier is a failure and the entire concept is in question. Hopefully the franchisees are better operators. Corporate cant run stores, that's for sure.
Not sure Id buy back at $2.
The Company entered into an employment agreement with Dennis Calvert in December 2002. Mr. Calvert's employment agreement provides for him to be employed for five years at an annual salary of $168,000. The employment agreement further provides that Mr. Calvert work with the Company on a full time basis, that the office be located in Laguna Hills, California, that he receive annual increases of 10% of his base income, that bonuses will be payable based on the greater of a performance scale established by the Compensation Committee, assigned by the board of directors, or 3% of the annual increase in market capitalization value. The compensation plan includes benefits of a car allowance, insurance and a standard vacation package. The agreement has certain minimum performance standards and calls for a severance package equal to one year's base compensation, plus an additional one half year's compensation for each year of service beginning in 2003. Standard confidentiality, company ownership rights to property and assets and arbitration clauses are included in the agreement.
The Company entered into an employment agreement with Mr. Provenzano in March 2003. Mr. Provenzano's employment agreement provides for him to be employed for five years at an annual salary of $130,800. The employment agreement provides that, at the Company's discretion, the Company may choose to pay up to $4,900 of Mr. Provenzano's monthly salary in the form of stock in lieu of cash. Mr. Provenzano is also eligible to receive incentive bonuses, stock ownership participation and employee related benefits. The employment agreement further provides that Mr. Provenzano receive annual increases of 5% of his base income, that bonuses will be payable based on the greater of a performance scale established by the Compensation Committee, assigned by the board of directors, or 1.5% of the annual increase in market capitalization value. The compensation
plan includes those benefits of car allowance and insurance benefits and a standard vacation package. The agreement has certain minimum performance standards and calls for a severance package equal to one year's base compensation, plus an additional one half year's compensation for each year of service beginning in 2003. Standard confidentiality, company ownership rights to property and assets and arbitration clauses are included in the agreement.
Beep for Free
CRIMINAL INVESTIGATION OF A FORMER CONSULTANT AND PRINCIPAL STOCKHOLDER OF THE COMPANY.
No earnings, massive losses.
The one constant ? Below market private placements and immeasurable hype.