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#1
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Question about RT.
Hello everyone,
I work for Ruby Tuesday, a casual dining chain with a strong presence in the southeast region of the country. After trading consistently between 23 and 30 dollars for the past 3-4 years, the stock plummeted from a high of 32 a share to 6 dollars a share within the past 8 months... Currently it's trading in the 7-8 dollar range. Don't really consider this "inside" info, but our director tells us the stock should triple again "at some point". If so, this would obviously be a great time to jump in but I don't understand investorspeak. I don't understand most of the language being used in this forum so if someone could dumb it down for me I would appreciate it.... RT's cash flow should be weak because of the state of the economy combined with their significant advertising expenditures and their current project of remodeling all of their restaurants. Can anyone do a quick scan of RT's numbers and give me a loose prognosis of my company's stock prospects for the next 1-2 years? 5 years? Thanks in advance... |
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#2
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bump
I'm not asking for a 12 paragraph review...but I see there are those in this forum who know what they are talking about... A casual opinion from someone who follows the market would be MUCH appreciated...still waiting to pull the trigger... Will this stock rebound?...it was trading very consistently between 21-26 for a long period of time just a short time ago...does anyone have an opinion on it? I would appreciate any input from any gentlemen who do this regularly. PM |
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#3
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Not many restaurants will do well in a bad economy.
My humble opinion is the stock's dead in the water for now. Looking at the 6 month chart: Jan 18th, the MACD line crossed, RSI was headed out of oversold and volume was strong the prior week. But then it just fell into a trading channel between $7 and $8. Never got over the 50 day moving average and volume went flat. Right about March 7th, it fell under the channel with low volume and just kinda floated up back into the lower end of it. Earnings are due April 2nd. The quarter's numbers are important but what counts most for the stock is their outlook for the future. Best to stand aside until there's positive signs. |
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#4
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Thank you very much Goods...
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