RE:new 52 week high
Well the market must like this small take over. pay 4 mil to get 10mil is sales. They mentioned the trade names etc but not the restaurants in that brand. We should be getting financials this week as well. hopefully they will update us on the management team with no cfo and a an old ceo coming back is it temp or permanent???.
It was nice to see the pop to new highs and were holding it mostly with below avg daily volume, makes me think most of the sellers are gone now, alot of people that held long term and if they participated with the financing way back at below .50 are pretty much close to even now.
Good Investing,
Lightning