Oddly enough, the Dow is down 600 points since Nov. 6 and BOJA has increased from 17.50 to 18.50 as of Nov. 13. Bly the way, it is the fox in the chicken house that poultry raisers are most concerned about! Don't even have wolves where most of these birds are raised.
BOJA expected to make 18c with revenue $122.2 million in Q3. With all the football tailgating sales, should make that number. Would be nice to see a penny or two extra!
My understanding is that Bojangles makes its own biscuits F-R-E-S-H every day. The only other place that I know that does that is Hardies. Frozen or warmed up biscuits are a non-starter. The biscuits are an essential part of an outstanding breakfast for people who work hard and burn a lot of calories every day.
Have you noticed that the 5-year growth expectation plan for both companies is nearly identical at 15+%? Of course, BOJA expects 77c profit in 20l5 and PLKI expects $1.90. Popeyes has been a public company at least 12 years and BOJA less than one year.
Do you know if the Bojangles is a company-owned store or franchised? If it is company-owned, I'd like to know where it is located. I would like to bring this to the attention of the regional manager. If it is franchised, you should make an effort to bring your concerns to the attention of the franchise owner. The home office may also like to know about your research. Your findings do not agree with those I have found in other locations in recent days.
Some of the fast-food restaurants with better sales growth are selling for around 20 PE, so a few quarters like this one looks like price of roughly one-half current one.
Since the entire capitalization has turned over two times in two days, some folks are buying and selling for small profits. Assume that all the shorts have long ago replaced their borrowed shares at losses. Maybe they're making up losses by buying and selling for small profits. When you get your head handed to you in a move like this one, you learn that some investors (Oprah) don't like to take prisoners.
A friend and I decided to do a small market test of Hardee's and Bojangles. On a trip we stopped at Hardee's and ordered a two-piece chicken lunch. On our return, we stopped at Bojangles and order the exact same lunch. We each ate a two-piece dinner with biscuit and smashed potatoes and ice tea. The winner by a country mile was Bojangles. Not only was the food superior, but the service was better and Bojangles charged $3.00 less for the exact same order! These locations were less than 50 miles apart, so we believe it was a fair test. We DID NOT own stock in either restaurant before the trip. We now each own 1000 shares of Bojangles. Good luck with your taste test and your interest in Bojangles. We believe the 8 to 10 per cent expected annual growth over the next 10 years is achievable because diners are going to return to this restaurant often. The management has a winning formula.
You are on the right track. Sales and earnings are growing. Good expansion plan. My spouse loves this place and she is rather picky on where she shops.
If you will review the chart for CLM for past 10 years, you will find that it has dropped from $112.00 on Oct. 1, 2005 to $16.26 on Sept. 23, 2015. Chart is same on two services, so much be correct. Strange for a value fund (?) to lose so much ground, regardless of the distribution. Have not heard a good explanation of this from any of my sources. Raises big question. Where will it be in 10 more years?