Fly on WallStreet

What the fuck is going on here? I leave this blog alone for 2 days, and I see a "trojan horse-like" hit piece on BWLD, global bear market jargon and nonsensical analysis of an oil trust. As you well know, this is unacceptable and the consequences for such "asshattery" are grave.

First, I will address my beloved BWLD.

No, their accounting is not aggressive. They have no debt and a piddly $65 million in the bank, which is yielding approximately $3.0 million in interest, per year. Just to compare, CMG has more than $150 million in cash. Trust me, having cash is one of those good problems. Furthermore, every analyst under the sun has baked in interest income-- into their EPS models. Therefore, it's a non-issue. However, I do anticipate the company will start paying a dividend, sometime soon.

Second, all this talk of "high flier" and "go-go stock" almost made my fucking head explode. Look, when analyzing any company, it is necessary to compare it to similar companies with comparable growth rates. To just copy and paste an industry wide average P/E, P/S or P/B ratio is pure, unadulterated, asshattery.

When sizing up BWLD, compare it to companies with great growth, such as CMG, TXRH, BJRI, PNRA and RRGB, not old staid companies like DRI, MCD or OSI. All of the high growth companies mentioned enjoy growth rates in excess of 25%, with an average FPE (Forward Price to Earnings ratio) of 29. BWLD's FPE is 28.98, not at all expensive. Also, BWLD has a growth rate of 32%, putting their PEG ratio under 1. Traditionally, PEG ratio's are good indicator's of value versus froth.

Moreover, it's worth noting, BWLD has 435 restaurants, with the majority (81) in the God forsaken state of Ohio.

Look, this company, as stated, will expand to over 1,000 restaurants, within the next two years. They are targeting California, Virginia and NYC as prime destinations. Furthermore, the company has been coining money, despite the fact that chicken wing prices have been fucking sky rocketing, thanks to the corn feed fuckers. I feel the estimates are too low and BWLD can easily beat them, effectively making their FPE even more attractive. Think multiple expansion.

So, any relief from the corn front-- and BWLD's margins will explode. Right now, chicken represents 24% of sales, while alcohol stands at 29%. As far as I am concerned, the "cult-like" popularity of BWLD will only increase, as they open up restaurants in the affluent area's of NYC and Los Angeles. Hence, I feel the stock price will appreciate, substantially, over the next two years or until saturation.

Finally, I want to touch on the important issue of Ducati. I mean, the man is an aristocrat and a gentleman. Some of you crudely told him to "fuck off," and all he had to say in reply was "jog on." How can anyone get mad at a guy like that? I would have fucking teed off on your heads, like the steroid abundant Homerun derby.

However, I will say, the TELOZ pitch almost made me send an internet laser beam, in order to "mushroom cloud" Mr. Ducati's website.

In closing, I am unsure whether to fire or keep this Ducati. Normally, I scoff at democracy, like Amazon jungle tribesmen. However, regarding "The Ducati," the internets shall seal his fate.

NOTE: Please take the new "Fly Survey." Should I fire Ducati?

UPDATE: Holy shit! "The Ducati" is out out to destroy me. He just did a hit piece on HANS. What's next, MVIS?