We have a confirmation deviation from the "chef-to-chef" model has backfired.....
"the EPS is just short of 7 cents with core at about 9 cents while losing 2 cents on IGourmet and Mouth."
or
put it bluntly,it is the the core business subsidized and saved the AMAZONED-customer-direct-platform,aka,e-commerce,and a miniature "FD","FD Jr" that is.
so
the challenge becomes how to fix the "FD Jr"?
ugly eps: continue acquisition with no end insight.(dick model)
bad eps: no more acquisition,fix the cost,and break even asap.(luke model)
good eps: sell IGroumet/Mouth asset,back to "chef-chef" model.(monkey model)
What to look for me not buying:
Sam's insistence for more acquisition,continues the course of "ugly eps".
WHY?
without eps growth,it is a long journey before you see the $1.38 price again,up to 2 years(along with freebies, fish and dick).ouuchhh.