GoDaddy acquisition 'excellent strategic move,' says JPMorgan 09:24 GDDY JPMorgan analyst Sterling Auty views GoDaddy's acquisition of payment solution Poynt is an "excellent strategic move." The deal helps GoDaddy take advantage of its "strong" franchise in small- to mid-sized businesses and be the distribution arm to a payments business, Auty tells investors in a research note. He believes Poynt should contribute more than $150M of bookings in 2023 and keeps an Overweight rating on GoDaddy shares. Show Related Items >>
Del Taco Restaurants (TACO) Del Taco boasts a $344 million market cap, over 600 restaurants, and a loyal fan base, giving it a solid foundation in the fast-food franchise market. Most of the company’s locations are west of the Mississippi, but the company has been making inroads to the eastern US. Like many brick-and-mortar, traffic-dependent businesses, Del Taco has had a hard year. The coronavirus crisis had dampened traffic, social and economic lockdown policies have reduced income streams. The company has started to recover, however. After heavy net losses early in the year, EPS has returned to positive numbers, and revenue in Q3, $120 million, was up more than 15% sequentially. The share price, which fell by two-thirds at the height of the economic crisis last winter, has regained its losses. TACO is now trading up 17% for the year. The insiders are bullish on the stock. The most recent purchase, helping tip the sentiment needle into positive territory, is from Board member Eileen Aptman, who bought up 88,952 shares, shelling out over $650,000. Wedbush analyst Nick Setyan covers Del Taco, and he rates the shares an Outperform (i.e. Buy). His $13 shows the extent of his confidence, indicating room for 40% upside growth. Backing his stance, Setyan wrote, “We believe TACO's current valuation is predicated on an overly pessimistic assessment of its medium- to long-term fundamentals in a post-COVID QSR environment… Even with what we believe are conservative comp, unit growth, and margin assumptions through 2022, we estimate 12% EPS growth in 2022. We estimate 1% of incremental comp would equate to $0.04-0.06 in incremental EPS and every 10 bps of incremental margin equates to $0.01 in incremental EPS in our model.”
Have you been watching the divergence between CMG ranked number, second YUM and MCD which flopped? I follow TACO closely with LOCO because these small caps don't give me ulcers holding and rebuying stocks like BLNK, AI, QS, PLUG, and FUBO. Van has been a great friend over the last ten years on Elite, Stoney and Van provide readers with rational stocks, kind regards you and I do respect you guys!
Back at you Jesse & happy holidays! There is an interesting theory going around about suppressed diners and future spending. This includes all kinds of shopping and experiences but not Cruises. The thought is every American family that has stopped going out to eat (Count me In fore the most part although I am going X mas eve to the Mayflower Inn In Wash Ct.) They have disposable dollars and will go crazy when the plague passe us. Movie theaters costs a bunch and whatever else we have stopped doing-- vacations... all of that money is new and unaccounted for tinder for this economy. So As these Gov checks now go out to the Robin Hood traders who will put hem into electric battery stocks -- that's what the government wants right-- after that dies down and we get another round of checks... Universal Income anyone? Slowly but surely with enough shots in the arm, the eating is going to become ferocious. Frustrated repressed eating. No working out just eating. It will most likely start in chains like Del Taco. Where a returning workforce can indulge and it won't be long before high end dining is back in style! In a more dispersed private style.
I went out for lunch, came back with MGNI hitting $34 in After Hours. Trying to figure out why, is it following MVIS and FUBO?
WS Bets have a meme of a baby putting his Stimulus Check inside a ATM for Call Options Its probably true, their pumping this Market.
Check this out remember our little hand sanatizor play..... Ok this is ripe they took a 20% stake in an electric car company and now poof they are in the game! @AMTX
Aemetis, Inc. (AMTX) $3.1900+0.8300 (+35.17%) At close: 4:00PM EST Maybe more disressing than the price change is the volume 47 mil vs an average of 1.4.....