Diamonds and Dogs
Buffalo Wild Wings (BWLD) is flying higher. The chicken wing restaurateur is jumping 26% on a takeover offer from privately-equity firm. Roark Capital. Buffalo Wild Wings has faced some turbulence over the last year, as the company struggles with high wing costs and declining sales at stores open for at least 15 months. Activist investors at Marcato Capital Management won several board seats during the summer and are pushing the company to franchise more of its restaurants and improve its technology. At least one analyst believes there may be a competing bid out there for Buffalo Wild Wing. Good news for shareholders.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.