Disclosure: I am long BWLD
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Joined Jan 27, 2008
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I’m long too. However, I fear they will miss.
If they miss again, the stock may go to $10.
Their fresh chicken wing contracts are up for renewal. With corn through the roof, expect them to get a fucked deal. This will weigh on the stock.
I used last weeks rally to get out of BWLD. I was planning on buying some calls before the 12th but I’m having second thoughts on that idea. It will probably depend how expensive the calls are. As of today they are way too pricey.
Can the football crowd make up for slowing consumer? Even if so, the chicken contract and guidance will prob be bad news.