That feeling when the country’s top consumer small cap fund files in one of your biggest horses….
https://t.co/kIzir9QGPI
On 27 numbers we can get to ~35.00 of NAV/share and that’s before buybacks!
$codi
@oraclealexx@RicksCEO@ValueHunter7@BTaylorUSA@orchardwealth69 M&A works great if the clubs comp positively and can be improved (improve mix). If Co. can drive higher margins thru operational efficiencies (lower headcount) and positive SSS AND we get M&A we could get a repeat of 2022. Ironically people also want to sell when their SSS are +
$rick is trading less than value of RE/ PP&E (412.6m gross). Given the big locations in big cities my guess is the market value of this could be > 600 mm. RCI has total debt of ~200mm leaving net RE of 400mm. curr. mkt cap is 308 mm.
@RicksCEO@BTaylorUSA@orchardwealth69