Tuesday, January 24, 2012
JANUARY 24, 2012 PRESS RELEASE, American Pride financial release
Stock price $32.01 (33.3 PE)
Fiscal year ending 12/27/11
$810M profit, 75 cents a share, 8% over the projected 68 cents.
The company is estimating $.83 a share for the fiscal year ending 12/27/12. Because of our adjustment of our fiscal year, our twelve month numbers are $1.04B profit and 96 cents profit per share.
We have 117 APC Freedom theaters open, with 1924 screens. We will continue to grow through acquisition and building in under served areas. No construction is in progress at this time.
1344 APC Liberty second run theaters are open, with 9694 screens. Growth will be limited, though the brand remains solid.
85 Hooters Night Owls "cinema cafes" are open, in the upper Midwest and southern US. Will continue expanding in the next 5 years, and will be a national presence by 2015. Designed as a budget friendly, fun place for friends and family to gather and watch a movie and enjoy a casual dining atmosphere.
Our 2015 year plan involves having about 1500 Libertys open, along with about 200-250 Freedoms, with about 500 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. $14.7B in invested funds as of 12/29/11 . 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. Will continue to grow through success and possible acquisition.
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, and eventually look to begin marketing through all methods. Will expand TV advertising heavily in the coming years.
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 100 events this fiscal year, up from 95. Focusing on low cost, easy to work with arenas looking to fill a day that otherwise would sit empty.
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. Sales up 2.2% in a tough climate. Purchased Biggby coffee and its 111 non-Freedom outlets for $15M, plus assumption of their debt ($68M), total of $83M. Sales up 21%, same store sales up 8%.
Purchased Newcastle United soccer franchise for $155M. They will again be playing in the English Premier League this Fall, where they belong.
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 experienced a banner year at Hooters in 2010, with sales up 14.8%. In 2011, up against that increase, we still managed a 6.7% increase. We hope to double down on this achievement, with a focus on monthly specials and our evening business, with a lofty but achievable goal of 12.5% sales increase.
Purchased Krispy Kreme for $536M, plus assumed $26M in debt, for a total of $562M. Announced 9/30/10, effective 11/1/10. Paid $8 a share, market closed at $4.71. Sales up 3% since acquisition. Looking to expand brand with presence in grocery and convenience stores.
Purchased a 10K square foot tavern in central WI, will look to begin a new concept, test marketed as Hooters Live...focusing on lunch and dinner specials ($2.99/4.99/5.99), and live music/comedy/DJ's after the dinner hour ends. Also will set up pool, darts, softball, and poker leagues. Adding 5-8 more in 2012, all in Upper Midwest.
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 $2.49B 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, especially in the entertainment market.
Stock split 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 540 each), 20 in '04 & '05 (now 180 each), 20 in '06-'09 (now 60 each), 50 in '10--1730 shares, now worth $41970
FT: 50 in '02 & '03 (now 1350 each), 50 in '04 & '05 (now 450 each), 50 (now 150 each) in '06-'09, 100 in '10--4300 shares, now worth $104318
Major shareholders include Bryan Clark, who originally founded the company, who owns 168.6M shares of common stock (of 1.08B issued), about 15.6% of the company. Mr. Clark intends to register to sell about 30M shares, about 18% of his ownership stake, as he looks to make charitable contributions in the field of education in the coming decade. This will be done starting in June, 2012. Mr. Clark's shares are in a blind trust as he holds political office.
We have 38K FT associates and 175K PT associates.
{Bryan sold 61M shares at an average of $33.7742, for a total of $1.35B. Now owns 107.6M shares, about 9.96% of the company.}
We shifted our fiscal year to end December 27, 2011, as to match our fiscal year with the calendar year, for ease of accounting. The fiscal "year" ending 12/27/11 was only eight months in length. Keep this in mind.
2012 per share projected earnings = $1.1B target total, or $1.02 a share.
{FSB balance = $60 = projected}{poker winnings $19 plus balance on 12/27}
Stock price $32.01 (33.3 PE)
Fiscal year ending 12/27/11
$810M profit, 75 cents a share, 8% over the projected 68 cents.
The company is estimating $.83 a share for the fiscal year ending 12/27/12. Because of our adjustment of our fiscal year, our twelve month numbers are $1.04B profit and 96 cents profit per share.
We have 117 APC Freedom theaters open, with 1924 screens. We will continue to grow through acquisition and building in under served areas. No construction is in progress at this time.
1344 APC Liberty second run theaters are open, with 9694 screens. Growth will be limited, though the brand remains solid.
85 Hooters Night Owls "cinema cafes" are open, in the upper Midwest and southern US. Will continue expanding in the next 5 years, and will be a national presence by 2015. Designed as a budget friendly, fun place for friends and family to gather and watch a movie and enjoy a casual dining atmosphere.
Our 2015 year plan involves having about 1500 Libertys open, along with about 200-250 Freedoms, with about 500 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. $14.7B in invested funds as of 12/29/11 . 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. Will continue to grow through success and possible acquisition.
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, and eventually look to begin marketing through all methods. Will expand TV advertising heavily in the coming years.
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 100 events this fiscal year, up from 95. Focusing on low cost, easy to work with arenas looking to fill a day that otherwise would sit empty.
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. Sales up 2.2% in a tough climate. Purchased Biggby coffee and its 111 non-Freedom outlets for $15M, plus assumption of their debt ($68M), total of $83M. Sales up 21%, same store sales up 8%.
Purchased Newcastle United soccer franchise for $155M. They will again be playing in the English Premier League this Fall, where they belong.
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 experienced a banner year at Hooters in 2010, with sales up 14.8%. In 2011, up against that increase, we still managed a 6.7% increase. We hope to double down on this achievement, with a focus on monthly specials and our evening business, with a lofty but achievable goal of 12.5% sales increase.
Purchased Krispy Kreme for $536M, plus assumed $26M in debt, for a total of $562M. Announced 9/30/10, effective 11/1/10. Paid $8 a share, market closed at $4.71. Sales up 3% since acquisition. Looking to expand brand with presence in grocery and convenience stores.
Purchased a 10K square foot tavern in central WI, will look to begin a new concept, test marketed as Hooters Live...focusing on lunch and dinner specials ($2.99/4.99/5.99), and live music/comedy/DJ's after the dinner hour ends. Also will set up pool, darts, softball, and poker leagues. Adding 5-8 more in 2012, all in Upper Midwest.
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 $2.49B 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, especially in the entertainment market.
Stock split 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 540 each), 20 in '04 & '05 (now 180 each), 20 in '06-'09 (now 60 each), 50 in '10--1730 shares, now worth $41970
FT: 50 in '02 & '03 (now 1350 each), 50 in '04 & '05 (now 450 each), 50 (now 150 each) in '06-'09, 100 in '10--4300 shares, now worth $104318
Major shareholders include Bryan Clark, who originally founded the company, who owns 168.6M shares of common stock (of 1.08B issued), about 15.6% of the company. Mr. Clark intends to register to sell about 30M shares, about 18% of his ownership stake, as he looks to make charitable contributions in the field of education in the coming decade. This will be done starting in June, 2012. Mr. Clark's shares are in a blind trust as he holds political office.
We have 38K FT associates and 175K PT associates.
{Bryan sold 61M shares at an average of $33.7742, for a total of $1.35B. Now owns 107.6M shares, about 9.96% of the company.}
We shifted our fiscal year to end December 27, 2011, as to match our fiscal year with the calendar year, for ease of accounting. The fiscal "year" ending 12/27/11 was only eight months in length. Keep this in mind.
2012 per share projected earnings = $1.1B target total, or $1.02 a share.
{FSB balance = $60 = projected}{poker winnings $19 plus balance on 12/27}
