Top 29%
The shares of BUCA have been rising nicely. The company is facing bankruptcy according to some and is losing tons of money yet some say there is some value left. The company operates a national chain of Italian Restaurants. Debt appears to be low. There are about 60 restaurants. With a market cap of 12M, each restaurant has a price tag of $200k.
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Top 29%
pilgrimoil
Jun 10 at 11:40 ET
As a follow-up, I saw this note on a message board:
"Business is Booming in So. Cal. 4-Jun-08 01:37 pm
Last weekend a group of 6 of us tried to get a table at their Downtown San Diego location. It was 6pm on a Saturday and we were told that the wait was 1.45-2hrs. We laughed and proceeded to walk 20 minutes to San Diego's "Little Italy" district for dinner.
The next day we tried to have an early lunch at the location in Miramar. We arrived at 11:40am and were told we would have to wait 20-30 minutes for a table. Which we did.
The food was great and we had tons left over.
The staff cuts have obviously hurt business but the demand in this part of Southern California is still very strong. I only wish they had one in South Orange County. "
by hillsmv1
Top 4%
Lowrance
Jun 10 at 4:08 ET
I took my girlfriend there for our 6month anniversary and made reservations for the table in the kitchen... it was cool. They bring by all the outgoing food and tell you what it is and you get to see them make it and stuff.
Top 1%
shlomi
Jun 11 at 3:40 ET
Yummy ... "putting your money where your mouth is" :-)
I never visited, but my mouth is drooling.
Top 1%
blacktuna
Jun 13 at 3:38 ET
Maybe they would be wise to keep only the profitable outlets.. Pligrim's account paints a worse story.. not only are revenues dropping for the chain as a whole, they have no way of increasing revenue in the successful branches, cuz those are jam packed!
At the state of their finances, the only new revenue can come from new restaurants in good locations.. They have 800 million in the bank and are loosing 16 million a year, so there is room for turnaround, but one must ask himself before investing "what went wrong?"... without an answer to that and considering restaurants are the first to get hit when recession looms I prefer to invest my money elsewhere..
Top 1%
guliamo
Jun 18 at 2:54 ET
the slide continues... 15% today..
Top 4%
Lowrance
Jun 18 at 9:35 ET
I only count 43 restaurants... and they could be leased :-/