Hi Wyatt,
I appreciate your insight, and I also agree there is an equal chance of them just buying back stock, but they also may choose to use their cash flow to open more company stores. Jim mentioned that they were looking at company stores in either the CC or the Investor meeting, can't remember. I'm not so sure it's a good idea to buy back too much stock before the model is fully deployed across the US - but I definitely would like to see less shares o/s. From the CC, seems like I'm not the only one looking at this...
No matter which way they decide to utilize the cash they have on hand, by getting to $4, the following would be true as it stands today:
1) They have around 500M shares outstanding. This would make their market cap around $2B. Let's put that into perspective. Domino's has a current market cap of about $1.7B, Papa Johns has a current market cap of about $915M. California Pizza Kitchen has market cap of about $640M. I am very excited as well, and I don't think you need to apologize for being excited!! But, that being said, MY OPINION, is that they could be a $100-$150M Market Cap company by year end. With the current amount of shares applied to this, you're looking at a price of $.30-$.40/share. Just my opinion. That's a potential great %-age move.
2) I agree completely that they have a lot at stake, and that they are quite focused. They most definitely have a concern for their shareholders, most are family and friends, which makes it more personal.
I have been invested in this company since the end of 05, so I have a vested interest to see this go, but I also have made many investments and am calling this the way that I see it. The way I see it is very good, but I think $4 is probably after a reverse split (or a massive buyback & retiring of shares, I suppose). Just IMO. Sure it's exciting and I think they truly are going to revolutionize the business of pizza, and raise the bar. Debating the issues is positive for all of us, and we're all free to have our own opinions in the end, as well as make our own decisions on whether to invest, divest, or hold.
I appreciate the response with your thoughts, and look forward to continue speaking about their prospects... I'm as excited today as I've been for a year, and they in my opinion have done an admirable job in achieving what they've promised. The uplisting to the OTC will be great for the company, as I would imagine there are institutions/brokers that would like to promote this to their clients.
Good luck!
AI
