Adam D. Wyden on X
$codi … more as you roll fwd to 27 … https://t.co/Jgm0US4YZF
X
Adam D. Wyden
Everything we have picked from this writer, newest first.
Adam D. Wyden on X
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
Adam D. Wyden on X
@ACapitalLP You forgot to mention $IWM / r1k index inclusion plus tsx60 bc of float cap... $gfl
Adam D. Wyden on X
@Hollandpar91513 @InvestSpecial I guess we’ll know soon. https://t.co/yRbR4eEQAV $codi
Adam D. Wyden on X
@InvestSpecial How do you get to 12.00? I think post sterno sale and rolling fwd to 2027 numbers you are 30+ pre mgmt contract…. Which will come down wit asset sales no matter what. $codi
Adam D. Wyden on X
$DRVN
Adam D. Wyden on X
Been awhile since we found some Of the deep value we built ADW Capital around… should be interesting. https://t.co/E2eHeIKQDO $CODI
Adam D. Wyden on X
@Vienna13Capital @RicksCEO @orchardwealth69 @BradleyChhay BMB alone according to the CEO is 65 - 85mm and generating no EBITDA.. That's like 20-30 pct of the market back to you.... $RICK
Adam D. Wyden on X
@sidecarcap $par
Adam D. Wyden on X
@WBPetersen @RicksCEO @BTaylorUSA @orchardwealth69 SSS in the clubs have been flattish.. They are closing BMB units which has been driving the lion share of negative revenues. Huge RE value in BMB too. New clubs purchased / open/ central city should start ramping soon too. Lines should cross on rev by end of year IMO. $rick
Adam D. Wyden on X
$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
Adam D. Wyden on X
@RicksCEO Market doesn’t care about tariffs anymore. BBB signed. How much stock are we buying tomorrow ? What clubs are we buying? $rick
Adam D. Wyden on X
@oraclealexx @qlixontop @RicksCEO I think $rick has been public since 1995 or smthg. The opty to trade bmb/ re for buyback in future earnings diwn here is tremendous or more m&a…..
Adam D. Wyden on X
@qlixontop @marginofdanger @RicksCEO Bmb RE worth close to 100 (assets making zero). Re held for sale I think co. said ~30. Tootsies worth 125? Ricks nyc 50? That’s 300 right there. Scarlett’s ? 50+ other clubs many are in major metro areas. This thing is worth more dead than alive now. $rick Ask @RicksCEO
Adam D. Wyden on X
3/ $RICK $PAR $APG $GFL $TIC
Adam D. Wyden on X
1/ Odd day. Sen. passes bill on housing and RESTAURANTS. No tax on tips/ no tax on overtime pay. Powell also not ruling out cuts and restaurant stocks ripping. Overhang at $PAR has been strength of their end market / customer. Today everything got better... @SavneetS @PAR_Tech
Adam D. Wyden on X
@sidecarcap $par
Adam D. Wyden on X
At ~1400 units, DENN could also adopt payments and POS if the KEKE rollout goes well. Table serve is highly lucrative and produces ARPU many multiples of a traditional QSR store. @SavneetS @PAR_Tech $PAR $DENN
Adam D. Wyden on X
https://t.co/eYw2cld5pU More than meets the eye here. KEKE is owned by DENNY's - once a PUNCHH cust. PAR has mentioned that several PUNCHH custs. are returning and we understand $DENN is one of them. Table serv. , POS, Payment, lot to like here. @SavneetS @PAR_Tech $PAR $DENN
Adam D. Wyden on X
@OtterMarket $rick is more cyclical than I expected. Definitely can’t open new ones. Weak capacity closes/comes out for sure… and ideally shares get bought out and so do other assets on cyclical lows. The assymetry here is actually pretty after a 3 yr tailspin.
Adam D. Wyden on X
@OtterMarket Exactly like $rick
Adam D. Wyden on X
@OtterMarket This is great. Reminds me a little of $rick. In the investing “business “… sometimes distribution of return matters more than the actual return. Wonder what the drivers of economic return were here. Inflation? M&a?…. Eggs were never going away….
Adam D. Wyden on X
@GHadjia $apg?
Adam D. Wyden on X
@RicksCEO I’ll take your deal if we can add a zero to your 6 mm of ebitda added a year. 60 sounds a lot better ! $rick
