Wednesday, February 14, 2007

 

Position Updates: BWLD

Via Briefing:

Downgrades: Piper Jaffray downgrades Buffalo Wild Wings (BWLD 47.69) to Market Perform from Outperform and lowers their tgt to $49 from $61, as they expect same-store sales to moderate given the difficult y/y comparisons while chicken wing prices are increasing at a double-digit rate and this pressure is expected to impact restaurant profit margin by at least as much as 140 bps on an annual basis.

Comments:
Watching the stealth rally in gold this morning. When CNBC features gold as a story then the rally is over.
 
This fucking BWLD is the suicide bomber of stocks.

Mother Fucker!
 
A week long gang rape on Wings. Wonder what Sally Smith did to the analysts? Only hope left is that it's the perverbial blowout earnings tomorrow AND Sally announces new corporate name - "Buffalo Wild Ribs & Also Some Of Those Wing Things".
 
Wing lovers can track spot chicken wing prices at the site below.

http://agr.georgia.gov/00/article/0,2086,38902732_39653527_41210372,00.html
 
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