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


To: MCsweet who wrote (5303)11/21/1998 6:52:00 PM
From: cfimx  Read Replies (1) | Respond to of 78595
 
HOUSTON, Texas, Nov 5 (Reuters) -
1998 1997
Shr basic $0.25 $0.33
Shr diluted 0.25 0.32
Net 7,588 8,574
Revs 109,353 89,808
Avg shrs diluted 30,350 26,920

(All data above 000s except per share numbers)
NOTE: Full company name is Landry's Seafood Restaurants

This company did a terrible job of allocating it's additional capital. Look at the ramp up in revenue with no corresponding increase in earnings, but penalized by a much higher share count. When it sold stock, you would have hoped that it had a good USE for the funds. Now that the shares are lower they seem NO LONGER to have the SAME goal for those funds. I can here the directors now. We need to support this stock!! Scratch the new restaurants. Let's do a buyback.