Dennis,
Too early to say about 2Q earnings at this point....too much guesswork. I've seen lots of figures about the anticipated earnings for the year and the quarter, with the year indicating that at 20 and 3/8 the PE would actually
be about 25 or 26, well into a reasonable area for the industry(actually lower than many of the big boys). However, to me when you're opening up right and left there are too many variables for the analysts to really come up with
an accurate estimate. My only thoughts are that they are likely to be significantly higher than present quickly, and I see the year being anywhere from about 140% to 180% increase(I like wide ranges). For the quarter I see it gradually
working its way toward that, taking into account some of the opening costs. Ultimately over the course of the next 1-2 years, barring those growling bears, I think any who purchased in the low 20s will be very happy.
I'm surprised at you, though. All of this time and money spent on investing, and you're not willing to oversee the opening of one of YOUR stores, even if it does involve a trip to DW.....and you call yourself a partner. I think RAIN ultimately
could become leisure's equivalent of Iomega due to its Motley popularity, and that could introduce a little volatility I'd rather not see.
What you really need after coming back so well the last few days is a meal at D&B's to celebrate!
Here's to sharing some magic from the Magic Kingdom,
Marshall |
