Just plain out mandate change. All of these things play a role including on days like today when the dow slid 10 points and the s p climbed 1. 3 and the nasdaq gained. 67 . [ applause ] some change is glacial and therefore uninvestable, but other types of change are swift. And those are the ones you need to find so you can buy their stocks on. Buy, buy, buy with abandon. I love behavior change investing. It could be incredibly lucrative and when you have a behavior change theme you can use selloffs to buy stocks at discount prices that are based on those changes as long as you dont think theyre really fads. Lets start with the obvious one for today, entertainment. How and what people consume and where and when they do it. Today the stocks of traditional Entertainment Companies like disney, time warner 21st century fox, via com, cbs and discovery got annihilated. [ shots fired ] i dont have much more to say about disney later, but suffice it to say now that disney raised questions in th
We get a ball game like broncos and packers on nbc, that could boost Buffalo Wild Wings numbers, especially if the mets make a comeback in the world series after kansas city. Then again, you come back to labor costs, insurance costs, food costs. These are across the board issues facing all restaurants. The disappointment makes some sense. Making these more palpable, two chains got dinged today. Mcdonalds and dominos. Dominos has a monstrous 800 million buyback. Dominos is the antithesis of the typical restaurara stock because it takes franchise fees. These costs are borne by the franchises. Buffalo wild wings has higher in other words, stay away. The saving grace, as these restaurant stocks come down, they get cheaper. Im inclined to wait three or four days to get the lay of the land. Ill be speaking to Howard Schultz tomorrow morning on squawk on the street. That Company Reported what looked to be a disappointing quarter but we cant opine until we sit down and listen to the conference
Consistency. Buffalo wild wings. This has been one of the best performers of the year. A month ago they were trading at 207. Today it fell a staggering 32. More than 17 single session. What went wrong with Buffalo Wild Wings . What didnt go wrong . Samestore sales usually the key metric, showed a dramatic deceleration with franchise staurants seeing a small increase. The quarter to date, theyve only generated 2. 8 increase in sales. Analyses were expecting a 5. 5 increase. Guidance went from 13 to single digits. Ugly set of numbers. So what does this weakness in Buffalo Wild Wings portend for the rest of the group . We saw some serious pin action. Every restaurant chain got hammered. The garden, olive garden, was down. Equity, parent of ihop and applebees, fell. The already beaten down chipotot sank. Now we have to ask, is this selloff justified . Is it right . First, unlike other restaurants, except for chipotle, Buffalo Wild Wings wasnt priced for perfection. Its possible the whole b
Consistency. Buffalo wild wings. This has been one of the best performers of the year. A month ago they were trading at 207. Today it fell a staggering 32. More than 17 single session. What went wrong with Buffalo Wild Wings . What didnt go wrong . Samestore sales usually the key metric, showed a dramatic deceleration with franchise restaurants seeing a small increase. The quarter to date, theyve only generated 2. 8 increase in sales. Analyses were expecting a 5. 5 increase. Guidance went from 13 to single digits. Ugly set of numbers. So what does this weakness in Buffalo Wild Wings portend for the rest of the group . We saw some serious pin action. Every restaurant chain got hammered. The garden, olive garden, was down. Equity, parent of ihop and applebees, fell. Panera bread got obliterated. The already beaten down chipotle sank. Now we have to ask, is this selloff justified . Is it right . First, unlike other restaurants, except for chipotle, Buffalo Wild Wings wasnt priced for perf
Recession. The euroat a nine month low, and the dax with a 10 correction. No deals, fox withdrawing the bid to acquire time warner, sprint abandoning the bid to acquire tmobile. Giving back mondays gains, shares of ralph lauren lower despite beating estimates. Well explain why. And disney beat despite lower profit at the Cable Networks. Two big deals fell apart. 20th century fox withdraws the bid for time warner saying they refused to engage the highly compelling offer and sprint abandons the bid to buy tmobile, and they plan to replace the ceo. I guess a name well have to get used to, a billionaire entrepreneur. Someone who i think you get along better with. Well, we have to get david the problem is that dan has independ, and dan, wish him the best of luck, turned that company around, he was not necessarily the right guy for soft bank. The right guy for the troops, left after a good quarter, but jars for those that know hes a guy who was the godfather of the industry in the phase, wis