BOBE
- Thread starter vanzandt
- Start date
Looks like it will be, below 35 within 4 months, that's the only trade I see.
They are kinda like a Cracker Barrel, in some ways. More diverse locations, ie not predominantly on Interstates. I never eat there, but I watch the traffic. They seem to be steady, but nothing great. Not impressed with my parking lot scans. 600 locations total, a couple primo ones around me.
But get this,... they have invested heavily in branded ready to eat side dishes that are sold through retail grocers. I think this is a waste of money and was a bad move on their part. It shows they are reaching for other revenue streams. Why? Restaurants not doing so well? Bad sign imo.
Below $35 huh? Hmmm. Last time they were there was Nov. 2012... Cracker Barrel is down from recent highs, BWLD(not a good comp) is holding steady.
Yeah... I tend to agree with ya, ... I do think they'll beat top and bottom lines. History of sandbagging as that goes. They have a 3.5% dividend, so that may provide some support. Small float. 10% short interest. 75% held by institutions.
Probably a good short. If it runs, I'll buy some 9/16 $40 puts tomorrow. It has a history of big moves on earnings days. Other than that, its pretty boring. We shall see.
But get this,... they have invested heavily in branded ready to eat side dishes that are sold through retail grocers. I think this is a waste of money and was a bad move on their part. It shows they are reaching for other revenue streams. Why? Restaurants not doing so well? Bad sign imo.
Below $35 huh? Hmmm. Last time they were there was Nov. 2012... Cracker Barrel is down from recent highs, BWLD(not a good comp) is holding steady.
Yeah... I tend to agree with ya, ... I do think they'll beat top and bottom lines. History of sandbagging as that goes. They have a 3.5% dividend, so that may provide some support. Small float. 10% short interest. 75% held by institutions.
Probably a good short. If it runs, I'll buy some 9/16 $40 puts tomorrow. It has a history of big moves on earnings days. Other than that, its pretty boring. We shall see.
It might... if it should.
A fool might say "it will"... if the fool should be a bigger fool than the fool portends not to be.
Other than that... you might be right. G/L with your 100% system. Its probably foolproof.
