Flanigan's Enterprises (BDL): A chain of seafood restaurants & package liquor stores in FL. They have about 60% of their market cap in cash. They have a decent amount of debt, but if I recall correctly, they own the land under several of their locations.
Burger Time Brands (BTVB): They have an incredible amount of cash relative to their market cap. They aren't going to keep it. They are buying restaurants and increasing the business. They own several of their locations.
I am sure I am forgetting some.
ARKR sure put up good numbers this last quarter. Sounds like they will continue to do so at least the rest of this year.
I will add them. I thought the package liquor store was higher 5 of revenue. I haven't heard of BTVB so I will check them out.
ARKR management is being VERY conservative fiscally. Not much new on the last call, Vegas is rocking and their banquet business in NYC/DC should be very strong. Sometimes businesses just poke along
There are a lot of sales through the package liquor, but the margins are lower than the restaurant.
ARKR is indeed doing a good job. Management is indeed VERY conservative, which I like. Unfortunately, one of ARKR's customers died from eating bad oysters at the Rustic Inn. This might result in legal action(s). He also had quite a bit of drugs in his system, according to the autopsy. So that might mitigate damages?
Appreciate your blog & analysis, keep up the good work!
I am asleep at the switch! BDL released earnings earlier today. They had earnings of $.99/for the quarter and earnings of $2.72 for the 39 weeks ending July 2nd. This was down rather substantially from $3.87 and $5.62 from comparable 2021 time periods.
Sales of the restaurants are $32M and $92M for this year, so they do get substantially more sales from the restaurants than package liquor (32.3M rest. vs. 7.6M package liquor for the quarter: 92M vs. 24.2M for the 39 weeks).
While the earnings are down, I still think they are decent, as the 2021 results had PPPP loan forgiveness & other government stimulus? I think this year's results are more "normalized"?
While BDL is interesting, I don't think it is nearly as good as ARKR.
An interesting list...but you missed a few.
Flanigan's Enterprises (BDL): A chain of seafood restaurants & package liquor stores in FL. They have about 60% of their market cap in cash. They have a decent amount of debt, but if I recall correctly, they own the land under several of their locations.
Burger Time Brands (BTVB): They have an incredible amount of cash relative to their market cap. They aren't going to keep it. They are buying restaurants and increasing the business. They own several of their locations.
I am sure I am forgetting some.
ARKR sure put up good numbers this last quarter. Sounds like they will continue to do so at least the rest of this year.
I will add them. I thought the package liquor store was higher 5 of revenue. I haven't heard of BTVB so I will check them out.
ARKR management is being VERY conservative fiscally. Not much new on the last call, Vegas is rocking and their banquet business in NYC/DC should be very strong. Sometimes businesses just poke along
There are a lot of sales through the package liquor, but the margins are lower than the restaurant.
ARKR is indeed doing a good job. Management is indeed VERY conservative, which I like. Unfortunately, one of ARKR's customers died from eating bad oysters at the Rustic Inn. This might result in legal action(s). He also had quite a bit of drugs in his system, according to the autopsy. So that might mitigate damages?
Appreciate your blog & analysis, keep up the good work!
ARGH!
I am asleep at the switch! BDL released earnings earlier today. They had earnings of $.99/for the quarter and earnings of $2.72 for the 39 weeks ending July 2nd. This was down rather substantially from $3.87 and $5.62 from comparable 2021 time periods.
Sales of the restaurants are $32M and $92M for this year, so they do get substantially more sales from the restaurants than package liquor (32.3M rest. vs. 7.6M package liquor for the quarter: 92M vs. 24.2M for the 39 weeks).
While the earnings are down, I still think they are decent, as the 2021 results had PPPP loan forgiveness & other government stimulus? I think this year's results are more "normalized"?
While BDL is interesting, I don't think it is nearly as good as ARKR.
$10M PPP loan forgiveness last year.
$3.5M PPP loan forgiveness this year