Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Senior who wrote (9026)	11/26/1999 3:50:00 PM
From: Michael Burry	Read Replies (1) of 78609

Paul, have you eaten at one? I've tasted it in Palo Alto, San Jose, and Seattle. Just a very competitive business. In Palo Alto it's become one of the top power-broker meeting places. In San Jose I've often seen it empty. In Seattle there was a 2 hour wait. The food is passable, but after eating there several times last year, I don't see any urgency or need to go back. They likely do not earn their cost of capital in the long term IMO. Wholesale bakery? Flowers' wholesale bakery was going for about 2X EBITDA not too long ago. Not much respect. OSSI, well, there's one that I crave every few months. Seems like forever. Could they be the one exception to the publicly-traded full-service restaurant jinx? Maybe, maybe... Should the economy reverse itself, where would these be? Seems like I'm periodically tempted but inevitably am able to pull away from the table without tasting these stocks. I'm patient and curious to see how cheap they can get. Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next