I started a new position in PFCB.
Take out for the squeeze.
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Joined Nov 10, 2007
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Bro
first!
Speaking of restaurants, RRGB is KILLING it. Shorts are dead in that one (18% of float).
If COW makes new highs on the year, as i suspect it can, RRGB will crash very fast.
They have no way of hedging against the cost of organic beef. And that is their core business model.
How do you figure that? They buy spot ground beef and YTD (April 17, 2011) all beef and produce price increases only added 0.7% to cost of goods sold as a percentage of restaurant revenue. Besides, food and bev costs are only 25% of total costs. Year over year for Q1 beef has increased 16% and they have dealt with it.
“YTD gains to 5%”
Hehehehehehehe 5%
I am up 250% over the past 4 years, up 900% in my personal last year, all done here live.
I am just getting started fuckface.
bbbbbbanned
Please learn to insult properly before engaging El Guapo. Thanks from the readers of IBC
The Ibc app has been updated and in app store now
Something doesn’t smell right in this market (and no, it’s not me). You will probably get another couple of days heading into the quarter end, but this thing feels like the bottom wants to fall out.
you are paranoid. just hedge WNR with BEXP and you will be fine. I have already made $5000 on this trade just today. Be right legging into it and you can make more. Look at the spread between the two stocks on a 3 month chart.
Well, the TBTF financial stocks like GS, MS, BAC do smell like dead fish. No denying that.
TBTF is so Orwellian. It’s SIFI now.
Translation please
TBTF is a relic from times of zerohedging; a pejorative for egregiously reckless wealth. SIFI is the new term used by the Gods of Finance, which is an acronym for Systematically Important Financial Institution.
LOL, talk about Orwellian.