Our original interest in The Ignite Restaurant Group (NASDAQ:IRG) dates back to an October 13th, 2013 article authored by Richard Pearson entitled "Ignite Restaurants: All Signs Point to a Big Earnings Miss". Pearson presented a compelling argument that the company presented a 30% downside opportunity following the 3rd-quarter 2013 earnings. We participated in the trade as disappointing earnings led to an over 25% correction in share price from the article's publishing date. Since that time, we have monitored the progression of the company as it navigates through the integration of the Romano's Macaroni Grill acquisition along with the challenging economic environment.
On April 16th, 2014 Seeking Alpha contributor Shaun Currie authored a Pro Top Idea...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|