- Currently at a P/E ratio of 13
- Profitable company still opening new stores
- (But) Profit down last quarter due to rising expenses(revenue only down 1.5%)
- $150 million for share buyback still available
- Since the pandemic this stock has bounced 5-6 times from $30 to over $40. It hasn't closed below $30 since 2020 and hit an (inflated) high of $69 in April.
- Are they at risk in a recession? Perhaps, but people have to have birthday parties, work outings, and second dates somewhere. Unless they completely bomb Sept earnings I see no reason for this company to be down 55% in three months.
- I've “played” this company several times before, buying below $35 and selling over $42.
- Current position: 200 shares @ $31.5, might add a CSP somewhere
Leave a Reply