Seems like the management is starting to get things together after showing a year of managerial pain points during it's growth. KMPG has recently been working with Burgerfi to fix "material weaknesses" in the company's audit procedures. Earnings are now coming earlier than expected next Monday, 5/16 after hours. I've been looking forward to these Q122 earnings...
Bought more shares and calls for 2024 $BFI GLTA, stay safe out there... -C
I think we see a sharp V recovery sometime in the next 2 weeks for $BFI. - Q1 '21 results should be coming out shortly (sometime this month) and I expect YoY growth and positive overall numbers - Shake Shack's recent report showed that sales in southeastern restaurants were up 2% YoY, whereas the stores in the rest of the country were down -8% or more. The key...
Correction possibly complete, possible 1,2 1,2 in play. Could also be looking at a completed A,B, and coming down for C. Cut loss under $11.80, more conservative cut-loss under $13.80. White lines are equal legs targets. Targets in green.
NASDAQ:BFI What do Americans love the most? The good ol' hamburger! The Numbers: (2019 Financials) - $18.40 average transaction - $13.01 average per person check - 44.75% Prime Margin - Adjusted EBITDA = $3,690 (In thousands) Projections: - 2021 Expected Revenue ~ $160 million - 2021 Expected EBITDA ~ $10.5 million Current Partnerships: - Expansion of "Ghost...
Falling wedge Daily and 4hr hidden bullish divergence on the MACD and RSI Stop = Under support / 200 Day MA if it gets to it 1st Target = Resistance @ $15.48 2nd Target = Resistance @ $17.34
$BFI Looks like it's ready for a breakout and could benefit from the sharp run up of $SHAK in the past week. - C
MID-TERM: Downsloping channel with daily hidden bullish divergence. Backtesting a breakout. (Not financial advice)
Will be interesting to see if it plays out. Not invested in this company but will look to eventually get in.