All Your RAVE Shares are Belong to us
In exchange for money, of course. In other words: a buyback - that also saves costs. Or a preparation of a take-under?
In case you wonder - the article title is a video gamer’s tribute:
This is a brief update on a development at Rave Restaurant Group to use some of its amassed cash and equivalents (20% of market capitalization after the recent run) in (I think) a way that enhances value-per-share - and I believe significantly. But it also poses a new risk, I think. For reference you can find the latest article regarding RAVE 0.00%↑ here:
RAVE - Tracking the Pizza Bull
Rave Restaurant Group published its annual results for the year ending June 2024 this week. For contextThe annual results show little revenue growth (+3%) but a massive profitability jump (+50%). The shares jumped 20% on the day of the announcement. Cash and equivalents are now at 25% of market capitalization. The company also reported on its efforts to grow the Pizza Inn brand. This post discusses the results, the company’s repositioning for growth, and why my original bull case is still a plausible scenario., please check my earlier articles on this nano-cap Pizza franchise.
What’s the fuzz about? Alright…