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AUTHOR
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29
member
11/19/20 1:15PM
Re: Re: PLAY debate
28
The reason we focus on market cap rather than stock price is because PLAY's dilution through COVID has been worst in class so that $48 pre-covid stock price is misleading. The note offering did take... login to read the rest
Some counterpoint here. The bear case has fully played out and now there is clear line of site to the bull case. They lowered expenses and cash bleed, they refinanced debt, 2 vaccines have been... login to read the rest
CFO just joined May 2019 and the only vested RSUs I can see were awarded last cycle at $52. Former CEO S King left B Jenkins holding the bag here. Some recovery notwithstanding the former... login to read the rest
With PLAY down ~30-35% since our writeup, versus a ~10% rise in the Russell 2000 Restaurant index we took the opportunity today to cover our short position. Today’s extreme headline-driven sell-off doesn’t strike us as... login to read the rest
Re: Re: Re: Did PLAY pivot to being a cruise line and forget to tell anyone? Someone please explain.
18
I can't think of a business that is more f*cked than PLAY in a covid world. It was already struggling with comps, first in F&B and then in gaming too. It's part amusement park, part... login to read the rest
Re: Re: Re: Did PLAY pivot to being a cruise line and forget to tell anyone? Someone please explain.
16
Are the insider purchases of PLAY on Jul 7 real, or are those exec bonuses or something else (or was that participation in a share issuance)? Seems odd they are all on the same day/price.
Re: Did PLAY pivot to being a cruise line and forget to tell anyone? Someone please explain.
14
This market is all factors and macro. You're going to find yourself frequently disappointed if you're looking for single names to trade on fundamentals (over the short-term) - particularly heavily shorted covid plays.
Saw the CEO sold some stock. Obviosly not a good look. Is your data telling you anything as it relates to how the company might be performing in some of these states (FL, AZ, etc)
M0scowMule - thanks for your excellent work here, agree this is quite interesting. Am curious how you are thinking about the 80% rent deferrals / abatements that mgmt mentioned on the call. Since they broke out their... login to read the rest
Generally speaking to gague store level traffic and sales we rely on a combination or transactional and geolocation data (both from multiple sources). More recently we have also been incorporating Google Maps data. This is... login to read the rest
What you guys think of the Q? Appears particularly bad relative to restaurant peers in terms of AUVs in reopened stores.
How long do you guys predict they can go at this rate before they have... login to read the rest
Robinhood and retail money frenzy - how to think about
We've been seeing massive influxes of retail money into some of the retail/consumer stocks we cover. We surmise this is becuase retail names are things retail investors think they know and understand. PLAY is one... login to read the rest
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