better wings then hooters (BWLD) 02Dec07 | 1
So this stock was (probably still is just they havn’t been shouting about it) on some peoples (saw it on Trading Goddess, Alpha, the Street, ect) hot lists. The fell short of estimates on their last report by 2 cents, and seeing as it had built up huge momentum investments the price tumbled. Their one year chart is not very impressive but they apparently have great management and their raw financials look pretty fucking hot. with a market cap of a bit more then 500 million they have $72 million in cash and zero debt. They have big growth goals and the capital to do it. I heard they are (or maybe have) renegotiated their chicken contracts and with a significantly larger size and more growth around the corner i would venture to say their position should be improved. BWLD has relatively more cash on hand, higher percent insider holdings, and higher levered free cash flow then CMG and PNRA. Here is their graph to date, notice it looks like the stock just bounced off a previous resistance point at $26 about the same time Dow bounced above 13,000. Next resistance should come around $35, if next week keeps up the recent strength then we could be there before we know it.
