Ideas For Now-

I think you are right Van But I still added it to the Ideas For Now Portfolio. I'll tell you why.

First off chart wise it says to me UP. My RAW rolling paper uptrend = $9+ the stk is $7.

2nd I think the sector has started to move today.

3rd- Carrols Restaurant Group, Inc. TAST is the largest Burger King franchisee in the U.S., with over 800 restaurants

The company’s expected earnings growth rate for next year is 7.1%.

Its shares aparently have gained 40.7% in the past 30 days-? I guess at these levels it's tough to tell.

To summarize the 2Q20 time period, management did a great job in a difficult environment, and as a result, TAST appears to be fully through the worst of it and poised to begin a new chapter.

It's not where we are Van it's where we are going!

Moving forward, it appears to us as though the next front and center opportunity for equity value creation would be the return of Restaurant Level Margins back to the ~13.5% to 13.7% range that the business experienced across the 2017 to 2018 time period.

Big picture, however, we note that every 100 bps of restaurant level margin expansion on TAST's 2019 base of sales represents an additional ~$14.6 million of restaurant level EBITDA. For perspective, we note that our updated 2021 and 2022 restaurant level EBITDA estimates are ~$115 and $118 million, respectively; with margins of ~11.6% and ~11.8%, respectively. This implies that there is an additional ~200 bps of restaurant level margin expansion opportunity to get back to prior levels, which we do not underwrite at this time, but which represents a bull case scenario for investors to contemplate. If it were able to execute, we think the impact to EBITDA $'s would be quite meaningful.<-----

OK ONE SIDE OF GUMMYBEAR VS THE OTHER IN A FRIENDLY SORT OF WAY... I'M SORRY BUT I HAVE ADDED 1,500 SHARES OF TAST to the ideas for now portfolio @$7.10.
 
I think I'm going to get a better price on TAST since the market is diving into the close and I have not heard back yet. Maybe closer to $7.00.

They did a study of Corona Virus people and most were out to eat food. So that's a negative.
More likely to get Corona if you eat out... I mean I guess I knew that but suddenly my Sushi adventure tonight has me a bit worried and of course buying a restaurant stock-- maybe you were right Van.

I think a 2nd wave is starting in Europe. But in NYC they are thinking about in house dining again...
 
CALM looks interesting: stk @ $ 42.30
Support-41.57
-Resistance- 43.99
Might make a run to all time high $54 area.
Earnings are in a big uptrend for sure. Last Qtr they beat by 11 cents... concensus was 17 cents and they did 28cents! But look at the freakin' estimates-- Now expecting $1.30 for Q2 2020! That's rich-- that's business tripling. This becomes a priced to perection set up....

This stk never really took a downturn... so when the world crashed it went down maybe six bucks and raced back up higher.. not quite the set up we are looking for.

It does kind of stand out on a chart to me... We need this back to $38 area <-- Continue to watch.
 
oh, as for me, the beginning of pandemic was totally different, people had another attitude. Nowadays, people got too stressed and now most of people are usually relaxed, but protected, which is essential. Thus, we don't need to panic, we need to be ready and protected to stay safe))
 
CALM was one of our first focus stks in this thread it was 118 pages ago.. $42!
They recently did a secondary at $39

This ticks me off--
  • Chairman of Cal-Maine Foods (CALM) Adolphus Baker sold 5,520,000 shares of company stock at an average price of $39.00 per share for a total transaction value of $215,280,000

 
You must log in or register to reply here.
Back
Top