Hoping this drops to 2.36-2.58 range from where it is now at $3.90
That is somewhere around the current book value of $2.26 mrq so would make sense...0
I'll keep an eye on this one, as any bullish retracement will likely go against the news...
So bad news may be a good buying opportunity!
Here's hoping...! upside would go up by 3x...
Blast from the past, this was the second stock I bought back in 2005...
I'm from NZ so know the company, they own KFC, Pizza Hut, Taco Bell and Carls Junior so compete in the fast food industry, and kiwis love their fast food!!
Fundamentally this clearly has a story behind the fall - but I think it has overshot to the downside with basics like PE it is currently...
