Bob Evans Restaurants. Should see a top and bottom line beat tomorrow. Somebody dumped a bunch this AM and it got down to $37.50. Closed above $39. Might be a good trader tomorrow (pre-market), especially if they beat and it still pulls back temporarily. fwiw.
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.
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.
hhhahahahahaha Beat, SSS down, up guidance.... stock up $2 Options too pricey.... in short @40.95 the old fashion way. _________________________"should" "might" "if" sounds like gambling ____________ hahahahahah
Ohhh... somebody just got some $40 puts for $0.50.... thats a hell of a deal. Hmmm. I'm in enough... but if somebody wants a good trade(to hold for a few days)... grab em.
$41.50....big jump.... they must be having the CC. "Frozen foods are doing great". Whatever. Its toast.