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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: smaycs4 who wrote (50194)	11/29/2012 6:10:37 PM
From: MCsweet	Read Replies (1) \| Respond to of 78597

STRZQ , I followed Stars Buffet before. It used to pay a nice special divvy. I got out before it started having major financial difficulties. I am sure it is just my biased perception, but it often feels like I see these more after the fact than before (i.e., in this case when it is at 3.00 instead of at 0.09). Maybe it is a mistake, but after the huge run-up I usually don't care so much. The momentum often follows through higher, but I feel like a sap buying after a huge run-up and there typically is greater volatility at that time. I'll really appreciate hearing from anyone who comes up with these situations before the potential event. BFCF (and I am sure some others I didn't pay attention to) are an example from gizwick to the contrary (thanks gizwick!). MC

To: smaycs4 who wrote (50194)	12/19/2012 12:12:47 PM
From: smaycs4	1 Recommendation Read Replies (4) \| Respond to of 78597

A followup on my prior post regarding STRZQ. I found, in a prior filing, they earned 24 cents in FY12, and project EPS of .46,.53,.60 & .68 over the next 4 years. After that EPS go down because their NOLs run out. to .43 & increasing slightly. Their EBITDA was $3.1 million last year projected to $3.5 this year and $3.7 in FY14 and 3.77 thereafter. This has apparently been "out there" for many months to those who bothered to look to the end of that filing. (Not me) The above projections would suggest that the shares are worth more than $2.66 or whatever the last trade was. And today, they offically announced their Reorganization Plan Confirmed. My plan is to hold my shares for higher prices, while their prior book value was mostly wiped out by large losses in prior years, Their strategic plan calls for good cash flow going forward. (Ive never been one to value stocks by inputting cashflow, if anyone has a calculater that would help me it would be appreciated) Star Buffet, Inc.'s Reorganization Plan Confirmed 12/19 08:37 AM SCOTTSDALE, Ariz., Dec. 19, 2012 (GLOBE NEWSWIRE) -- Star Buffet, Inc. ( STRZQ:$2.66,00$0.06,002.31%) today announced that on December 17, 2012United States Bankruptcy Court for the District of Arizona entered an order confirming the company's Second Amended Plan of Reorganization (the "Plan"). The Plan includes payment of 100 percent of the allowed claims for all creditors and retention of the company's common stock. Robert E. Wheaton, Star Buffet, Inc.'s President and CEO stated, "The Bankruptcy Court's approval of our Plan of Reorganization is an important next step in a process to provide a solid foundation to grow the company for the benefit of our employees, customers, vendors, creditors and shareholders." Star Buffet, Inc. is a multi-concept restaurant operator. As of December 19, 2012, Star Buffet, Inc. through its subsidiaries, operated seven 4B's restaurants, five JB's restaurants, four K-BOB'S Steakhouses, three Barnhill's Buffet restaurants, two Western Sizzlin restaurants, two JJ North's Country Buffet restaurants, one Casa Bonita Mexican theme restaurant, one BuddyFreddys restaurant, one Pecos Diamond Steakhouse and one Bar-H Steakhouse. ----- 4/5/12 SEC filing. FY13-20 Strategic Plan is all the way at the bottom. (And hard to read) otcmarkets.com