2024-05-06 11:44:00 ET
Summary
- Bowlero Corp. stock is experiencing a significant decline following its fiscal Q3 results, presenting a potential trading opportunity.
- The company's performance showed respectable revenue growth but lower-than-expected expenses, impacting earnings.
- Bowlero is diversifying its offerings and has a share repurchase program, providing potential value for investors.
In September 2023, we put out a public article on Bowlero Corp. ( BOWL ), the world's largest operator of bowling entertainment centers. We noted that the stock appeared to us to be a trading opportunity for entry at around a $10.30 cost basis, and to dump it over $12.50+. That trade played out for solid short-term gains. These are the types of trades we do week to week at our group, but share sparingly on the public site....
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Bowlero: In The Gutter Following Q3, Interesting Level For The Stock