Dave & Busters File for IPO - In This Market!

A shocking IPO candidate in this market... Dave & Busters, the Chuck-E-Cheese's (CEC) for adults, whose locations can be found in subprime-sprawlville everywhere across America, has filed for a $170 million IPO. I suspect the company is particularly exposed to the weak economy, since it caters to a lot of mid-manager types who will be the first to get laid off when that starts to pick up.

I'm at a Whole Foods (WFMI) right now, so don't have much time at the moment to pore through the S-1. If you do, let me know what you find. Happy hunting. If you don't. I'll go through it later.

Oh, and it plans to trade on the NASDAQ under the ticker "DANB."

Comments

[Ames Tiedeman:]

They were a public company a few years ago. I hate reruns.

2008 Jul 12 01:33 PM

[Did U Think...:]

They know it's all going to crash so they want their 170mn now to buy some gold with. I would do the same if I could find someone stupid enough to go long equities right now.

2008 Jul 12 03:33 PM

[swaps:]

If they spread around a few million they will find money managers willing to throw their investors shrinking funds into it...to "diversify" their holdings.

Within a year the Macy's. Sears and Dave and Busters of the World will also have discount window privileges at the Fed...after Obama asks for Greenspans resignation and replaces him with a proxy for Soros, who's been promoting Obama to help Soros orchestrate his plan to place the entire western world under what he called communitarianism in his Atlantic monthly piece years ago.

2008 Jul 13 08:25 PM

[punk_ash:]

Obama on economy, now that is not even funny, the guy is a career politician, what does he know what it takes to make money. Sure Soros is a genius when it comes to money, but then he was always playing with other people's money, most of us will do well if we get to play with the retirement funds of people who have worked their asses off their entire life.

2008 Jul 14 02:11 AM

[lovealpha:]

They've performed very well in the last few quarters, when all the other restaurant stocks have reported negative comps. So they must be doing something right to buck that trend in this sluggish economy

2008 Jul 14 09:32 PM

[Shark55:]

Dave & Busters might just as well shut down their billiard tables. I tried playing at the Denver location and every table I tried had dead rails. And not just one rail on each table, at least half the rails on 4 tables I tried to play on were dead. I complained at the counter and the man didn't seem to care on bit. I went online and answered the survey identified on the receipt and mentioned the very poor quality of tables - dead rails, ripped and worn out cloth - and left my email address if they wanted to contact me. Never heard anything. I had previously ate there about once a week for 6 months before trying the tables and haven't been back since and will NEVER be back to Dave & Busters given their lack of customer service and lack or inability to respond to customer complaints.

2008 Jul 29 11:12 AM

[Dave & Busters:]

DO NOT GO TO DAVE & BUSTERS!!! THEY ARE JACKASSES!

2008 Aug 09 04:55 AM

[Bill The In...:]

If they had even one functioning brain cell between them, they would have waited at least until the start of the 2 quarter of 09 to see how middle America weathers this ecnomic storm that is just getting fired-up. They actually have a ton of cash, so it's a mistery to why they need this IPO at this time?

2008 Dec 15 09:59 AM