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LUB is a very well known and respected Texas (and a few other locations in the South) cafeteria and take out chain. The operating model is based upon home made quality (assuming your mother was a good cook) food made from scratch at very reasonable prices. Their parking lots are usually full. Many customers (including my family members) have been going there for more than 30 years.
LUB has recently gone through some operational improvements which brought Q2 earnings in well above consensus estimates. The take-out and drive-thru are adding business with hurting the sit-down sections.
The stock hit a high price of about $27 two years ago and a recent low of $13-3/8 within the last few months. It's in the $16 area now.
Take a look at LUB's financials and plans. Any opinions on buy/sell/hold? Thanks.
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