Saturday, December 11, 2010

Brinker Beats estimates, sales of Chile Not So spicy

In the restaurant den we will once again, hunting some lines of the battle of short duration.

As the noted last week, the foodservice sector is a frequent between long and short flash point. Prediction loves the history of the growth of a restaurant chain in full expansion, shorts love find chaos accounting and other numbers of cheating that seems to be most common in the food industry that in, say, the paper industry.

Brinker International indicated this morning, and his gains title 21 cents share for the fiscal year first quarter topped estimates consensus of 15 cents per share, according to the fiche.Mais disturbing elements can also be found. same-store sales at Chile, its flagship station, decreased by 5%. Maggiano, a smaller chain saw same-store sales mounted 1.5%.

The day before declaring, Bank of America, Merrill Lynch cut Brinker to underperform from neutral and UBS said that the Chile a get pinched in all directions.

According to the Nasdaq short interest Brinker (symbol: eat) is 9 million shares 15 October, a new record.And the ratio of short interest, or commercial medium volume required to cover the short days of 4.8 days also a new short record.Vendeurs borrow shares and then sell them, planning to buy shares at a price cheaper to repay the loan, reaping the difference later between the initial sale and purchase later.

Forecast will be gains from ""better than expected of Brinker".Shorts will be noted that"growth"stocks are not well when same store sales are down."

Restaurants in BJ (little interest from 25 ratio), Buffalo Wild Wings (11.8) Cheesecake Factory (8.4) and Chipotle (6.7) all monitor Brinker closely today .this group tends to move together.

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