I like the move. A lot of synergies with the existing OXXO road map. Chips, soda, paper plates, etc. Seems like they getting into the Walgreens format. I hope they can pull it off. Thinking about adding to my position.
Of a concerning note however, any info on the fast food rumor? That one baffles me a little unless they plan to merge this fast food unit with their OXXO locations kind of like BP does with Arby's, etc.
Seems like this company is looking at what works in the U.S. and duplicating it in Mexico.
I like the vision. Richly valued, however.
Agree 100% except I think it might hit 6.00. Too much debt and they have no growth plan other than to grow at the rate of 3 stores a year.
Sentiment: Strong Sell
Company performance has been disappointing. Slow growth. Debt on the rise. Company seems to have been buying back stock at over inflated prices. I have this thing worth about 6.00 per share. New CEO might have some great ideas for growth. Otherwise it's just one more dude who's getting loaded up with free shares.
Agree 100%. You would think someone there with some authority would notice and be like "WTF?" Then fix the problem. Hard to believe that such a good brand name is such a mess.
Hopefully we get a buy out here soon. Company seems unable to grow on their own. Buying out the New York/Jersey restaurants was a good thing and this new footprint might work, but it takes them forever to move on this stuff. A larger company with more experience could really do well with Dave's. Seems like a no brainer.
Also the same dumba*s that was calling me an idiot when I was loading up between 2.50 and 5.50. I'll actually take this as a sign that we might be going higher.
Valuations seem high and the CEO seems completely disinterested in giving back to shareholders. Said he doesn't believe in buybacks or boosting dividends in a recent CC.
Good luck to everyone here.
Worst run company in Israel. And America. Reverse splits. Board cares nothing for the shareholders. Never will. Management and the board are the only ones that will get rich off that company. Complete opposite of CRDN.
10% short as of the end of Feb? That doesn't make sense. Haven't seen a stock take off like this with that high of a short %. I'm long so I think it's great, but it seems strange. Any insight?
There would be earnings growth, but it gets eaten up by the CEO's salary and stock based complensation program. I wouldn't buy anything over $7.60 per share. Check out CRDN. They actually care about their shareholders.