I think that's a reasonable interpretation. Since the CEO nabbed a $3M payday
biz.yahoo.com
immediately after their incredible earnings surprise, I'm guessing the surprise was either a fabrication or won't be repeated this quarter.
Man, look at how much short-covering has propelled that bounce:
Cracker Barrel Old Country Store, Inc. - Common Stock
Settlement Date Short Interest Percent Change Average Daily Share Volume Days to Cover
03/31/2009 2,738,656 (32.67) 594,960 4.60
03/13/2009 4,067,479 6.42 772,854 5.26
02/27/2009 3,822,127 5.88 869,874 4.39
02/13/2009 3,609,699 (20.99) 334,041 10.81
01/30/2009 4,568,671 8.11 467,035 9.78
01/15/2009 4,225,860 9.77 589,318 7.17
12/31/2008 3,849,629 16.59 385,554 9.98
12/15/2008 3,301,954 (27.24) 648,097 5.09
11/28/2008 4,538,170 9.50 1,008,510 4.50
11/14/2008 4,144,525 3.56 422,996 9.80
10/31/2008 4,001,899 5.36 613,014 6.53
10/15/2008 3,798,244 (16.33) 634,544 5.99
09/30/2008 4,539,501 (8.83) 829,558 5.47
09/15/2008 4,979,068 (3.81) 882,136 5.64
08/29/2008 5,176,038 0.97 526,513 9.83
08/15/2008 5,126,174 (7.85) 748,141 6.85
07/31/2008 5,563,013 (4.95) 1,032,113 5.39
07/15/2008 5,852,963 13.28 1,222,365 4.79
06/30/2008 5,166,596 (12.14) 947,738 5.45
06/13/2008 5,880,337 0.49 891,922 6.59
05/30/2008 5,851,891 21.98 791,194 7.40
05/15/2008 4,797,347 1.01 567,286 8.46
04/30/2008 4,749,259 (11.50) 479,121 9.91
04/15/2008 5,366,375 0.77 431,000 12.45
DISCLOSURE: short them, from a little below here.
BC |
