At $5.14/ share, I think it's time to buy. Never stop believing in the Capitalist System!
MetroplexJim, How does an intelligent guy like you end up at Five Guys
1) I agree. When Ford hit a buck and refused a bailout, I bought and sold @$16!
2) Thank you, but I'm not as smart as you think: interesting story Re: Five Guys.
I was one of their "original" patrons of their first store and despite the loud music and no place to sit down, loved their burgers and the free peanuts. In 1990 a buddy of mine and I decided to go into the fast-food biz and opened the first D.C.-area store of a small, now defunct fast-food franchise out of Florida that featured never-frozen burgers.
I told my buddy then that I wished Five Guys was a franchise as they served the same burger, and had lower overhead, and a limited menu. We opened in the Fall of 1993 and did $35,000/week on a $14,000/week break-even. After six months the business stabilized at $28,000 a week and the franchisor dictated that we change to a frozen 1/4# patty processed by Wis-Pak (saved labor, portion control, less perishability, yik, yik; yak, yak
). Well, the customers evidently tasted the difference and the weekly quickly fell to $20K and food costs soared due to cases of burgers "growing legs and walking out with the trash". After another year we sold the business to some Koreans with cash. What a relief! How I wish I had invested that cash with Jerry Murrell as he was thinking about opening his second store!
But that story is not as "good" as what happened to my Grandfather. One day in the year of my birth a shoe salesman visited his business and asked him to invest $5,000 for 25% of a trotting horse. Grandfather refused. The shoe salesman was Del Miller and the horse was Adios
! http://en.wikipedia.org/wiki/Adios(racehorse) http://oddsonracing.com/about_racing_famous_horses_adios.cfm
<message edited by MetroplexJim on Wed, 11/23/11 6:51 PM>