Cervelo Posted October 3, 2014 Share Posted October 3, 2014 Just started kicking the tires on this one but at first blush looks good: Very strong free cash flow Paying down debt Recently started paying a dividend Will benefit from increased consumer spending that should result from lower commodity prices (i.e. cheaper gas at the pump) Havent got this far but assuming they have sold off due to margins being impacted by rising cattle prices (similar National Beef Co. which is owned by Luecadia). With higher cattle prices ranchers are more inclined to "produce" more cattle which will lower prices and improve margins. Will post more as I learn more. Thoughts... Link to comment Share on other sites More sharing options...
Libs Posted October 3, 2014 Share Posted October 3, 2014 Hands-down the best and most consistent steak house around :) I'm still bitter about not pulling the trigger at $5 in 2011. I don't know if it's worth 17X earnings though? Why are earnings so flat YTD? Link to comment Share on other sites More sharing options...
Cervelo Posted October 3, 2014 Author Share Posted October 3, 2014 Like I say I have just started kicking the tires on it but I would assume YTD earnings are flat due to winter storms at the start of the year and higher input costs (cattle prices) Link to comment Share on other sites More sharing options...
CorpRaider Posted October 3, 2014 Share Posted October 3, 2014 Super hot plates = overcooked steak. It looks like it might be interesting on ev/ebit based. Thanks for posting. Link to comment Share on other sites More sharing options...
LC Posted October 3, 2014 Share Posted October 3, 2014 Super hot plates = overcooked steak. It looks like it might be interesting on ev/ebit based. Thanks for posting. Everyone likes their steak differently. I went to a steakhouse with a friend who happens to be a butcher, I couldn't believe it when he ordered ax expensive steak well done. Maybe he gets tired of raw steaks at work! Link to comment Share on other sites More sharing options...
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