Bears REASONS TO SELL
April 23, 2014
(Samurai Trader, 11/15/13)
Lat month when BWLD reported and gapped up, I had the feeling it was an O'Neil exhaustion gap, as it occurred after a pretty hefty move up. So far, that does not appear to be the case, although there are some problems...(read more)
(Jutia Group, 12/12/13)
[AP] - Buffalo Wild Wings says it's switching from Coke to Pepsi, noting that it also plans to tap into PepsiCo snacks such as Doritos to create new menu...(read more)
(Jutia Group, 10/30/13)
[theflyonthewall.com] - Wells Fargo increased its price target on Buffalo Wild Wings after the company reported higher...(read more)
Buffalo Wild Wings (BWLD) Company Overview
Buffalo Wild Wings, Inc. (NASDAQ:BWLD) operates a series of sports bar restaurants across the U.S., but with heavy concentration in Ohio. The company is best known for its chicken wings, which customers can customize with 14 different flavors to choose from. In 2009, the company generated $539 million in revenue and $30.7 million in net income.
Chicken prices are rising because corn, which is a major ingredient in chicken feed, has become more expensive. Buffalo Wild Wings is sensitive to the price of chicken feed - in 2009, the price for chicken wings increased from $1.22 per pound to $1.70 per pound, leading to a 30.4% increase in cost of sales for the year.(Read more at Wikinvest )
What's in this BWLD analysis on Wikinvest...