Dennis,
I was just browsing through thoughts about RAIN, which I think is getting more attractive currently, but hate the thought of continued improvement in its looks, and noticed your thoughts on Dave and Buster(DANB). I'm a shareholder, and I think the place is great. The one in Hollywood, FL is practically always packed with a wait, and the casino like atmosphere is a great way to bring in income during those waits.
The places are large, and from what I hear from friends in Philadelphia, Atlanta, and Chicago, all of the stores are constantly crowded. They currently have eight stores, and are gradually growing, with DC, NY, and CALIF apparently next on their agenda. Their earnings are great, and nicest of all, they have only been slightly impacted on by all of the recent carnage. Of speculative interest, my cousin recognized a cocktail
waitress who only gave her first name at the Hollywood location. He had met her 1-2 years previously at a convention. Her last name was Huizenga, and she had been in charge of marketing at Blockbuster at the time of their initial meeting. Why would any relative of Wayne Huizenga's be working as a cocktail waitress? Also, a few weeks later, when I was visiting the same location, there was a room rented out for a party
by Auto Nation, another Wayne Huizenga venture. I don't see how he would have any use for DANB given his method of almost vertically integrating all new companies in association with previously held companies, but it sure does pique my curiosity. If you haven't yet been there, check it out. I think you'll like what you see. It's more expensive to get a store rolling than RAIN, but apparently a great revenue maker with
wonderful growth potential as well. Also, their PE never quite got the ungodly level of RAIN, and we have all already learned what happens to practically all of them in a market dumping!
Nothing like combining money and food for all of the pleasures of life! Happy eating with lots of just desserts. |
