Sure, we can give management an “atta boy” now and again, and Wall Street analysts (and even dudes like me) will fall in and out of love with a stock. But what really matters is that management executes on its commitment to deploy shareholder capital prudently and develop a superior store model. It won’t be a smooth process with the company exceeding (or even meeting) estimates every quarter (although it is always nice when it works out that way). So the efforts being undertaken by management to make the company’s stores more cost competitive and customer centric is what leaves me excited about Sonic’s prospects.
This is what should drive your investment decision. It doesn’t really matter what the “Wall Street Experts Think,” we just follow the bouncing ball (just like you). What matters is trying to see something the “experts” do not see, and therefore generating superior investment returns. And in this regard, I continue to think Sonic’s stock affords such an opportunity.
SAH 1-yr chart: