Wednesday, June 28, 2023 4:50:54 PM
FY23_Ends_in_2_days_NOT_A_GOOD_YEAR
A year ago, pps topped out in May/June at end of FY22, and trended downward the rest of CY2022. Looks like FUNN will repeat for rest of CY23????
May be coincidence, but with no good news from BenDodger, no deviation from their failed expansion model, refusing to shut down the biggest money losing BGC, no reduction in payroll, no achievable action plan from BenDodger, and NO MORE PPP LOAN FORGIVENESS.....the downward trend may recur.
Food for thought.
BGC gross revenue need to accelerate; BenDodger needs to cut down payroll/expenditures starting w/ own salaries, cut out payments to Board of Directors, Can Director of Marketing. Increasing BGC revenues is tough to do; since tables are turned over only 1x/2 hours. So, FUNN needs to raise prices for everything or turn over tables faster or both .
Everything posted is MY OPINION! I am making NO buy or sell recommendations here! DO YOUR OWN DUE DILIGENCE!
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