$FAT, continuation pattern break out plays scale in a small position when i noticed the pattern. scale in the rest today when it broke out of the pattern. Longby Legio_DecimaUpdated 0
FAT Brands Announces Planned Acquisition of Johnny RocketsFAT Brands Announces Planned Acquisition of Johnny Rockets With the acquisition of Johnny Rockets, FAT Brands will have more than 700 franchised and company owned restaurants around the globe with annual system-wide sales exceeding $700 million. Johnny Rockets currently has over 325 locations across the U.S. and internationally, including 9 company owned locations. Last week, Fat Brands reported second quarter revenue of $3.1 million, down from $5.9 million a year ago. The company said the decrease "overwhelmingly reflects a decline in royalty revenue related to the impact of COVID-19." The company reported a loss of $4.25 million or 36 cents per share, compared with a net loss of $508,000 or 4 cents per share a year ago. What's Next: Fat Brands expects the transaction to close in September. Following the closing of the deal, Fat Brands will boast more than 700 franchised and company-owned restaurants worldwide with total annual system-wide sales of more than $700 million. The restaurant operator is fresh off a $40 million financing round in March and it will be looking for further acquisition opportunities, Wiederhorn told WSJ. By acquiring more small chains, the company can gain better scale and realize better prices for advertising and supplies. "There is an opportunity now to take casual dining chains and get a consolidation of similar concepts," he said. finance.yahoo.com finance.yahoo.com by AlenCikenPublished 0
Thoughts on FAT stockIPO lock up expiring this week and now all of the initial public offering stock $12.00 per share, at 2,000,000 shares have LOST half of their money. OUCH!! What do you think the psychology of these INSIDERS are, to hold or to sell? or buy more? at $6.00? now I believe that per the chart, NOW is great time to BUY. Why? Last three candlesticks at $6.00 are showing a bullish pin bar reversal, which is your SIGN to buy either stocks and/or call option spreads, etc.. From the daily chart: 1st resistance is $8.00, then 2nd resistance is $10, then 3rd resistance is $12 (or break even for initial INSIDERS) FAT Brands is a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns three restaurant brands that have more than 300 locations open and under development with an overall footprint in 18 countriesLongby AnbatPublished 1
FAT Brands is a buy (April-June)After IPO lockup expires on 4/23/18, INSIDERS will be holding the BAG with 2,000,000 shares at $12.00 per shares. PA now is $6.32,with a DOJI candlestick on daily (today) price action. This stock only has upward bullish potential for next few months and/or rest of year. QUESTION: If you were an INSIDER with $12.00 shares, would you sell at $6.32............NO way!! That is why price action will be going higher or at least back to $12.00 sooner then later. I would strongly get on the bullish trade train at this time, being on train earlier then later is best time. Never catch a moving train.Longby AnbatUpdated 3