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Bourbon Brothers Holding Corp is still a great looking like a great deal, the company put out a press release a week ago or so talking about a new local, all-natural concept called 53 Peaks Local Kitchen. It looks like they are going to be rolling out this concept with two new locations starting this fall. I would think that would mean lots of news, which make for some liquidity. I have eaten in their restaurants numerous times, phenomenal experience. I am looking forward to trying the new Local Kitchen concept, BUT I really hope they keep going with the Bourbon Brothers concept too. It looks like they are going to try to take advantage of using some second generation properties to expedite their growth and maybe try to grow more quickly. This should be an interesting company to watch over the next 18-24 months. Here is the press release:
http://online.wsj.com/article/PR-CO-20140715-907075.html
Looks like the company will be doing a little road show, might some some increase in volume and demand in the next couple weeks. The following is their press release from this morning:
Bourbon Brothers Holding Corporation to Present at Accredited Members Microcap Investment Conference and 2014 Newport Coast Securities, Inc. Annual Equity & National Sales Conference
COLORADO SPRINGS, Colo., June 2, 2014 (GLOBE NEWSWIRE) -- Bourbon Brothers Holding Corporation (RIBS) (the "Company"), today announced that the Company will be presenting at two upcoming investment conferences. The first conference, Accredited Members Microcap Investment Conference, will be held on June 3, 2014 at Security Service Field in Colorado Springs, CO. The Company will have several members of the management team attending. The second conference is the 2014 Newport Coast Securities, Inc. Annual Equity & National Sales Conference to be held June 12 and June 13 at The W Hotel in New York City.
About the Company
Bourbon Brothers Holding Corporation is a Colorado-based restaurant development firm with two operating restaurants, Bourbon Brothers Southern Kitchen in Colorado Springs and Southern Hospitality in Denver, and a third concept in development, Bourbon Brothers Smokehouse and Tavern.
Additional information about the Company at available at www.BourbonBrothers.com.
I don't really know what that means; temp? Either way, it's not really any different than the growth of recent emerging restaurants like Twin Peaks...
Bourbon Brothers ($RIBS) brunch. Just a quick update for those who don't have the ability to go to either of the restaurants, but the company rolled out a brunch this weekend and it was phenomenal. If they can manage to make this breakfast/brunch work it could mean an additional stream of revenue, at least on the weekends. Who doesn't love a big plate of biscuits and gravy?!
$RIBS - This thing has been on a tear!
Did anyone take my advise on $RIBS??! I started talking about the company at $0.50, it has since moved up 50% and is starting to get liquidity on a daily basis...
$RIBS - Bourbon Brothers Holding Corp is starting to get some decent volume - huge volume Thursday, steady volume today.
Welcome free_bee. 0.511 / 0.59 (5000 x 1000 ) V 215,034 at 1:16 PM All is well.
Welcome free_bee. 0.511 / 0.59 (5000 x 1000 ) V 215,034 at 1:16 PM All is well.
$RIBS - Bourbon Bros. is flying with over 211,000 shares! Looks like they hosted a large event with the March of Dimes last night, and it must have gone well! Lots of buyers showing up to the party. It also looks like we have a new follower involved. Welcome, Denverite!
$RIBS - Shall I be the first to suggest that shares went green again today (back to $0.51) where I have been an advocate of in terms of fundamental valuation based on the fact that there is no new news of dilution, there was a K filed reporting their offering, amount of shares, etc... and the fact that they can sell 6mm shares ($3mm) and open 3 news stores (use of proceeds) which should garner an additional $12mm in annual revenue and $1.5mm in EBITDA which receives a 20X+ PE ($30mm added in valuation) is actually a SMART thing to do? This is a growth stage company, would you prefer they grow by one store a year and never raise capital? Put your pencil to it...
$RIBS BUY NOW - I have no clue what is going on here, but the stock is down 40% today on tiny little volume. The company released unaudited Q1 numbers, which seem to be pretty in line with their goals, and the stock got crushed. There won't be another opportunity to buy this thing down in the $0.30 range. It's been at ~$0.50 for a while. The company had revenue of $1.2mm in Q1, a historically slow quarter for the restaurant business and should still hit $6mm - $7mm in revenue out of the stores they already have open... Not sure what the deal is, I'll keep digging, but in my estimation, this is a HUGE buying opportunity. If it goes back to $0.50 in the next couple weeks you will pick up a nice little 66% gainer!
Went to $RIBS Denver location last night, Southern Hospitality, for the Rockies party and the restaurant was packed. Great food, the Rockies lost (shocker), but the restaurant was hopping. Had a chance to add to a position in the stock this past week with the dip, back to $0.51 now. I'd like to see the quarterly numbers come out, could see a bump if they're good. Either, being a Colorado guy and having eaten in the restaurants, plus the growth strategy laid out by management, and the M&A/IPO activity in the restaurant space make this attractive - even at $0.51. If management hits it's goals, which they have laid out in a couple press releases, they should be announcing some new locations soon. It's all about the Bourbon Brothers!
$RIBS looks to have been depressed this morning pretty substantially on one or two block sales. Could be easy money coming back to $0.50 where it found pretty solid footing. Lots of news coming out of the company, all sounds good.
$RIBS got hit hard this morning with downward pressure and what looks like a large block trade. Time to jump in and make some easy money on its way back up. Found a really solid footing at $0.50, will get back without a doubt.
Bourbon Brothers Holding Corp ($RIBS) announced partnership with 850 KOA in Denver today, the home of the Colorado Rockies! So the Rockies pre-game show will be held live in the restaurant every Saturday before the game and mentioned on the station throughout the season.
http://online.wsj.com/article/PR-CO-20140318-907748.html
I have been to the restaurant many times, it's only 3 blocks from Union Station and only 3 blocks from Coors Field - great place. Looks like the company is zoning in on some new Colorado locations for it's Bourbon Brothers Southern Kitchen concept throughout the "Front Range" area too... I think this stock is mighty cheap as it stands at $0.48 today!
Bourbon Brothers Holding Corp ($RIBS) announced partnership with 850 KOA in Denver today, the home of the Colorado Rockies! So the Rockies pre-game show will be held live in the restaurant every Saturday before the game and mentioned on the station throughout the season.
http://online.wsj.com/article/PR-CO-20140318-907748.html
I have been to the restaurant many times, it's only 3 blocks from Union Station and only 3 blocks from Coors Field - great place. Looks like the company is zoning in on some new Colorado locations for it's Bourbon Brothers Southern Kitchen concept throughout the "Front Range" area too... I think this stock is mighty cheap as it stands at $0.48 today!
Not 100% sure what Mad72 is talking about in terms of future dilution... The company has been very positive regarding real estate partners that will assist in infrastructure moving forward... If you look at the TXRH 10-K, it costs roughly $1,500,000 to open a new location IF the real estate is being developed outside of the company (by a build to suit developer or similar arrangement). The million five hundred thousand is just FF&E (typically purchased by the tenant) and pre-opening expenses. The company should be able to begin financing that out of earnings after only a handful of new stores assuming they each generate roughly $500,000 in EBITDA (company projections).
But mad72, don't you think that 5 million shares issued in order to add $5,000,000 in revenue and $750,000 in ebitda is worth it?
But mad72, don't you think that 5 million shares issued in order to add $5,000,000 in revenue and $750,000 in ebitda is worth it?
$RIBS - Bourbon Brothers has a lease in place for it's new stores, according to a press release out today. An interesting perspective on the growth of this company is that IF the company will be building alongside Bass Pro Shops, Cabela's, and Field & Stream, like they have stated they will, they MUST start closing on ground very quickly, because of the limited supply, and the huge demand these retailers pose as anchors for new developments. The company seems to have access to capital, and stated they are interviewing investment banks to help facilitate this growth and access to capital. This could certainly be the start of something huge.
$RIBS - Bourbon Brothers has a lease in place for it's new stores, according to a press release out today. An interesting perspective on the growth of this company is that IF the company will be building alongside Bass Pro Shops, Cabela's, and Field & Stream, like they have stated they will, they MUST start closing on ground very quickly, because of the limited supply, and the huge demand these retailers pose as anchors for new developments. The company seems to have access to capital, and stated they are interviewing investment banks to help facilitate this growth and access to capital. This could certainly be the start of something huge.
$RIBS - Bourbon Brothers has a lease in place for it's new stores, according to a press release out today. An interesting perspective on the growth of this company is that IF the company will be building alongside Bass Pro Shops, Cabela's, and Field & Stream, like they have stated they will, they MUST start closing on ground very quickly, because of the limited supply, and the huge demand these retailers pose as anchors for new developments. The company seems to have access to capital, and stated they are interviewing investment banks to help facilitate this growth and access to capital. This could certainly be the start of something huge.
$RIBS Bourbon Brothers - I ate there over the weekend, and the food was awesome! JW Roth, the chairman was also in the restaurant greeting people as they came in. Awesome views, I'm trying to buy on the dips. It looks like the construction of their new restaurant and amphitheater is underway too. Definitely holding through the openings of those facilities!
$RIBS Bourbon Brothers - I ate there over the weekend, and the food was awesome! JW Roth, the chairman was also in the restaurant greeting people as they came in. Awesome views, I'm trying to buy on the dips. It looks like the construction of their new restaurant and amphitheater is underway too. Definitely holding through the openings of those facilities!
$RIBS looks like it might have found a little footing in the $0.71 - $0.77 range. I started talking about it a couple days ago when it was trading in the $0.45 - $0.50 range...nice little 50% gainer. Long term, fundamental story here though. The company will be opening three more restaurants this calendar, and I would want to have a long position when it happens.
Looks like the Bourbon Brothers ($RIBS) is starting to gain some traction - been in play the last few days.
$RIBS - Pulled back a little this morning. Might be a time to double dip. I still think the stock is cheap, based on the long term fundamental story.
$RIBS UP 102% today to $1.01 on another day of strong volume, over 55,000 shares traded today coming off 126,000+ yesterday. It's definitely in play.
$RIBS UP 102% today to $1.01 on another day of strong volume, over 55,000 shares traded today coming off 126,000+ yesterday. It's definitely in play.
$RIBS UP 102% today to $1.01 on another day of strong volume, over 55,000 shares traded today coming off 126,000+ yesterday. It's definitely in play.
$RIBS trading up 50% this morning following press release. Company went from an average trading volume of 1,700 shares to 126,000 yesterday at $0.50. This morning the stock is up 50% to $0.75!
$RIBS UP 50%! The stock was flying yesterday - went from 1,700 shares avg volume to 126,000 traded yesterday mostly between $0.45 - $0.55. This morning the stock traded up to $0.80 and has found a floor, up 50% at $0.75!
$RIBS 1,700 shares to 126,000 shares!
$RIBS is breaking out and it liquid! The Colorado-based restaurant group had a grand opening this weekend and the stock has gone from average trading volume of about 1,700 shares to 125,000 shares this morning! I still think the company has a great fundamental story as the company hopes to double it's footprint this year. Lots of media in Colorado.
$RIBS traded over 125,000 shares this morning! Coming off grand opening weekend for the Colorado Springs location.
Shares could continue to trade higher on these technicals, but the fundamental story is what will make the difference in the long run. The company will be opening two to three more locations this year.
Bourbon Brothers just opened their Southern Kitchen location in Colorado Springs across the street from Bass Pro Shops and announced they will be building a Seafood and Chophouse in the area as well.
For a guy who grew up in Colorado, left for the east coast at 18 and just returned at 25 I can tell you first hand that Northern Colorado Springs is not what it used to be. In the 7 years I was out of the state, huge things have happened and Bourbon Brothers is really dialing in on the Northern part of town. I am really also a real estate guy, and have looked at deals in that part of town - and I have to say, Bourbon Brothers nailed it with these locations (not to mention Southern Hospitality in Denver). The Southern Kitchen is adjacent to Bass Pro Shops (3 million customers per year) and there isn't another restaurant in sight. The Seafood & Chophouse is being planted in the same development and sits in a restaurant trade area with a median household income over $120,000 per yr...yet there isn't a single fine dining establishment within 15 miles.
This stock will start to track once they can return a couple of quarterly financials, but I am on the train now... Having RIBS with a $0.48 cost basis this fall might be a nice way to get ahead of the holiday shopping list!