I'd be loving it even more if you spread the word to a further pile of your mates
Hey - what harm could be done if you also told them to jump aboard and stock their
trophy cabinets high with a large heap of RBD to support their culinary desires..
Appears California will only get harder for RBD. 29% minimum wage pay rise for fast-food workers come April. Current Cali store EBITDA margins are ~4% compared to 10%+ pre-pandemic (and that doesn't include any overhead). Ouch.
From someone who 'was there', my memory is it would all have been on the back of CEO at the time 'Our Russel' doing such a good job sorting out the NZ operations. It would simply be a matter of 'rinse and repeat' for Australia, Hawaii and I think California that was just coming onto the radar. at that time too. "What could possibly go wrong?". or so the Mexicans thought when they put their partial takeover offer on the table. That offer cemented a new baseline price level for the company, a level that eventually unwound when the share price once again began to match up to actual company performance.
As the long term resident expert on RBD on Sharetrader Snoopy do you have any inkling to get back in down at these 9 year lows.....?
Regards
Moi.
I am going to pass on your question moimoi, as I haven't been following RBD that closely since the majority of my holding was bought out in 2018/2019. I will address this issue at some time, but I want to have a really good look on how the business is running under Mexican control, before I express an opinion either way. Right now there are dynamic situations in other companies that I hold many more shares by value in than RBD, that are commanding my attention!
SNOOPY
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Originally Posted by ThaiJohn
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