Amen brother. $3,500+ divy here. Long-term investor. Will see this investment through the end - 2015 at completion of turnaround program.
The new T-2 in our area gets a lot of traffic. But there is an older one several miles in the opposite direction that gets less. I want to see how the new T-2 does 12 months from now after the "new store effect" fades out.
at lower stock price for those who reinvest.
Consider this a slow roasted security until next Quarter Report. maybe we pick up a little during the January effect, if Feds don't pull back so soon.
"Restaurant Performance Index Hit a Four-Month High in October
Same-store sales and customer traffic levels improved; Operators are somewhat more bullish about sales growth and the economy
December 2, 2013
Contact: Katie Laning Niebaum (202) 973-3967, Rachel Salabes (202) 331-5997
(Washington, DC) Fueled by stronger same-store sales and traffic and a more optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index (RPI) rose to a four-month high in October. The RPI – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 100.9 in October, up 0.7 percent from September and the strongest level since June. In addition, the RPI stood above 100 for the eighth consecutive month, which signifies expansion in the index of key industry indicators.
“The RPI’s October gain was driven by broad-based gains in the index components, most notably solid improvements in same-store sales and customer traffic,” said Hudson Riehle, senior vice president of the Research and Knowledge Group for the Association.
“Looking forward, restaurant operators are relatively optimistic about sales growth in the months ahead, though their outlook for the overall economy remains mixed,” Riehle added.
Watch a video of Riehle summarizing the October RPI and other economic indicators.
The RPI is constructed so that the health of the restaurant industry is measured in relation to a steady-state level of 100. Index values above 100 indicate that key industry indicators are in a period of expansion, while index values below 100 represent a period of contraction for key industry indicators. The Index consists of two components – the Current Situation Index and the Expectations Index...
It happens. Curious. Do you know if it is a corporate owned store or a separate franchise store. I have two in my area. One is brand new Tier II - very, very good: other is old one - and looks old too. Service not as good. I would not base investment decisions on or two stores. Investors in this stock are taking risk for potential long term returns based on turnaround program. Store upgrades not to be completed until 2015 so if you can be patient, just sit back and wait. Plus another divy coming up on the 17th.
YTD 87.66% !!!!!!!
Sit tight long folks. Patience is required with this particular investment since the turnaround program began just a a little over a year ago. Turnarounds take time. if 87% doesn't tell you that the program is not working, you got issues!
Emil and Peltz et al. are not done yet.
We are on the right track.
Yes, but as they say, history repeats itself and over the past year it repeats in a positive trajectory. Also, after reading today's Seeking Alpha article I venture to guess we will be over 9 before year end. I also would not be surprised if they do another divy increase 2014.
I hope we don't have to wait that long, but you might be right. Also, I can't wait to try that new bacon portabella melt that comes out.