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I want to invest in Fairway Group holding. Having trouble with research. It is such a small company, there is no wealth of information.
Why is the stock tanking? Sure, they had a bad quarter, but that was in Nov, why is the stock tanking now?
What are the reasons for their massive losses? I would love to understand it. Their sales are going up.
Why am I looking at this stock, when it is a dark horse?
Because I shop there. I see how all of the stores are doing in my area.
I see it develop kind of a following when it comes to food shopping. My neighbors (and us) drive out of the way past at least 5 other supermarkets in order to get there. It has become a name recognized throughout NYC, from just being one store.
Their fresh produce, meat and fish and a lot better than those in Whole Foods, and prices are cheaper.
And they have ambitious expansion plans. So I am wondering if they will become a big national chain some time down the line and this may be the chance to get on the ground floor, and while the stock is at its lowest.
However, the fact that they are bought by an investment fund that has controlling interest is a little concerning. And the fact that I don't understand what is going on there.
But I know that is #1 place to shop for a lot of people I know, even if they have to go 30-40 minutes out of their way to do so. That kind of loyalty has a reason, and I think the tiny chain is gaining a customer base and can expand. But if they are gaining customers, why are they losing money?
I know their Red Hook location got pretty much destroyed during Sandy and they had to rebuild and re-stock completely, but a random incident like that can't be the reason for stock tanking.
Why is the stock tanking? Sure, they had a bad quarter, but that was in Nov, why is the stock tanking now?
What are the reasons for their massive losses? I would love to understand it. Their sales are going up.
Why am I looking at this stock, when it is a dark horse?
Because I shop there. I see how all of the stores are doing in my area.
I see it develop kind of a following when it comes to food shopping. My neighbors (and us) drive out of the way past at least 5 other supermarkets in order to get there. It has become a name recognized throughout NYC, from just being one store.
Their fresh produce, meat and fish and a lot better than those in Whole Foods, and prices are cheaper.
And they have ambitious expansion plans. So I am wondering if they will become a big national chain some time down the line and this may be the chance to get on the ground floor, and while the stock is at its lowest.
However, the fact that they are bought by an investment fund that has controlling interest is a little concerning. And the fact that I don't understand what is going on there.
But I know that is #1 place to shop for a lot of people I know, even if they have to go 30-40 minutes out of their way to do so. That kind of loyalty has a reason, and I think the tiny chain is gaining a customer base and can expand. But if they are gaining customers, why are they losing money?
I know their Red Hook location got pretty much destroyed during Sandy and they had to rebuild and re-stock completely, but a random incident like that can't be the reason for stock tanking.