Wednesday, March 03, 2010
MAY, 2010 PRESS RELEASE, American Pride financial release
Stock price $40.77 (17.5 PE)
Fiscal year ending 4/27/10
$770M profit, $2.14 a share, over the projected 1.90 cents
The company is estimating $2.49 a share for the fiscal year ending April 28th, 2010.
We have 90 APC Freedom theaters open, with 1524 screens. We will continue to grow through acquisition and building in under served areas. No construction is in progress at this time.
1262 APC Liberty second run theaters are open, with 9176 screens. Up to 30 more will open before May, 2011.
55 APC Night Owls "cinema cafes" are open, or will open before Fall, 2010, in the upper Midwest. Designed as a budget friendly, fun place for friends and family to gather and watch a movie and enjoy a casual dining atmosphere. Will be renamed Hooters Night Owls, signage changed by 9/1/10. Will expand to South and Southeastern USA in the next year, and expand to a national presence within 5 years.
Our 5 year plan involves having about 1500 Libertys open, along with about 200-300 Freedoms, with about 300 of our Night Owls.
American Capitalist financial services business opened in 11/05, 4 mutual funds began business in 1/1/06, now have 18 total. Began with $40M in invested funds. $6.3B in invested funds as of 4/1/10 . Have added customer service and marketing, now a prime player in 401K/403B investing, as well as heavily into the niche market of self-investing.
Opened an insurance division, American Security Preservation, 1/08, mainly involved in life, annuities, and wealth preservation. Will look to expand through purchase of existing company before the end of 2010, and eventually look to begin marketing through all methods.
Began an educational/motivational lecture circuit in March 2009, will go full speed ahead in September, up to 12 a month. American Motivation. Operates during the school year, Sep-May, Tue-Thurs, during non-holiday weeks. We expect this part of our business to boom as the economy levels out and hopefully improves. We expect to have 77-80 events this fiscal year, up from 62.
Purchased White Castle and its 380 outlets (all other than those inside APC Freedoms, which were already franchised by APC) in March, 2009, for $552M. Purchased Biggby coffee and its 111 non-Freedom outlets for $15M, plus assumption of their debt ($68M), total of $83M.
Purchased Newcastle United soccer franchise for $155M. They will again be playing in the English Premier League this Fall.
Purchased Hooters of America for $275M, plus the assumption of Hooters' debt, $65M, for a total of $340M. The all-cash transaction was completed 4/23/10. Through increased marketing, we are expecting a banner year at Hooters, with sales up 15-20%.
We plan on continuing to grow and be a successful and profitable company. We always have been a debt-free company, as well as a charitable member of the community, state, and country. We do not plan to change that aspect of our business. Each of our establishments have a planned budget for special events for good causes that they draw from that does not affect their bonuses, if applicable. Our success is a direct correlation of our associates, and we are happy they continue to succeed with us.
We are currently sitting on $1.201B in cash, which we utilize rather than borrowing when we wish to expand or build. We are always looking to acquire profitable companies that have the potential for further growth.
Stock will be splitting 3 for 1 on 6/1/10. We have always kept our stock at a low price, as many of our associates and customers enjoy purchasing the stock in small increments on a regular basis, either by payroll deduction or automatic withdrawal.
We have rewarded our associates with a gift of stock since our inception. Below is how much they would have accumulated if they had been with us since 2002, both part-time and full-time:
PT: 20 in '02 & '03 (now 180 each), 20 in '04 & '05 (now 60 each), 20 in '06-'09--560 shares, now worth $22831
FT: 50 in '02 & '03 (now 450 each), 50 in '04 & '05 (now 150 each), 50 in '06-'09--1400 shares, now worth $57078
Major shareholders include Bryan Clark, who originally founded the company, who owns 56.2M shares of common stock (of 360M issued), about 15.6% of the company.
2011 fiscal year per share earnings = $896.4M target total {$3000 poker balance}
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Stock price $40.77 (17.5 PE)
Fiscal year ending 4/27/10
$770M profit, $2.14 a share, over the projected 1.90 cents
The company is estimating $2.49 a share for the fiscal year ending April 28th, 2010.
We have 90 APC Freedom theaters open, with 1524 screens. We will continue to grow through acquisition and building in under served areas. No construction is in progress at this time.
1262 APC Liberty second run theaters are open, with 9176 screens. Up to 30 more will open before May, 2011.
55 APC Night Owls "cinema cafes" are open, or will open before Fall, 2010, in the upper Midwest. Designed as a budget friendly, fun place for friends and family to gather and watch a movie and enjoy a casual dining atmosphere. Will be renamed Hooters Night Owls, signage changed by 9/1/10. Will expand to South and Southeastern USA in the next year, and expand to a national presence within 5 years.
Our 5 year plan involves having about 1500 Libertys open, along with about 200-300 Freedoms, with about 300 of our Night Owls.
American Capitalist financial services business opened in 11/05, 4 mutual funds began business in 1/1/06, now have 18 total. Began with $40M in invested funds. $6.3B in invested funds as of 4/1/10 . Have added customer service and marketing, now a prime player in 401K/403B investing, as well as heavily into the niche market of self-investing.
Opened an insurance division, American Security Preservation, 1/08, mainly involved in life, annuities, and wealth preservation. Will look to expand through purchase of existing company before the end of 2010, and eventually look to begin marketing through all methods.
Began an educational/motivational lecture circuit in March 2009, will go full speed ahead in September, up to 12 a month. American Motivation. Operates during the school year, Sep-May, Tue-Thurs, during non-holiday weeks. We expect this part of our business to boom as the economy levels out and hopefully improves. We expect to have 77-80 events this fiscal year, up from 62.
Purchased White Castle and its 380 outlets (all other than those inside APC Freedoms, which were already franchised by APC) in March, 2009, for $552M. Purchased Biggby coffee and its 111 non-Freedom outlets for $15M, plus assumption of their debt ($68M), total of $83M.
Purchased Newcastle United soccer franchise for $155M. They will again be playing in the English Premier League this Fall.
Purchased Hooters of America for $275M, plus the assumption of Hooters' debt, $65M, for a total of $340M. The all-cash transaction was completed 4/23/10. Through increased marketing, we are expecting a banner year at Hooters, with sales up 15-20%.
We plan on continuing to grow and be a successful and profitable company. We always have been a debt-free company, as well as a charitable member of the community, state, and country. We do not plan to change that aspect of our business. Each of our establishments have a planned budget for special events for good causes that they draw from that does not affect their bonuses, if applicable. Our success is a direct correlation of our associates, and we are happy they continue to succeed with us.
We are currently sitting on $1.201B in cash, which we utilize rather than borrowing when we wish to expand or build. We are always looking to acquire profitable companies that have the potential for further growth.
Stock will be splitting 3 for 1 on 6/1/10. We have always kept our stock at a low price, as many of our associates and customers enjoy purchasing the stock in small increments on a regular basis, either by payroll deduction or automatic withdrawal.
We have rewarded our associates with a gift of stock since our inception. Below is how much they would have accumulated if they had been with us since 2002, both part-time and full-time:
PT: 20 in '02 & '03 (now 180 each), 20 in '04 & '05 (now 60 each), 20 in '06-'09--560 shares, now worth $22831
FT: 50 in '02 & '03 (now 450 each), 50 in '04 & '05 (now 150 each), 50 in '06-'09--1400 shares, now worth $57078
Major shareholders include Bryan Clark, who originally founded the company, who owns 56.2M shares of common stock (of 360M issued), about 15.6% of the company.
2011 fiscal year per share earnings = $896.4M target total {$3000 poker balance}
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