BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Dave & Buster's: Eat, Drink, IPO]]>http://www.bloggingstocks.com/2008/07/15/dave-and-buster-s-eat-drink-ipo/http://www.bloggingstocks.com/2008/07/15/dave-and-buster-s-eat-drink-ipo/http://www.bloggingstocks.com/2008/07/15/dave-and-buster-s-eat-drink-ipo/#commentsFiled under:

Back in 1982, David "Dave" Corriveau and James "Buster" Corley opened their first Dave & Buster's location in Dallas. They wanted to create a cool, interactive dining environment with an extensive selections of beers, signature cocktails and wines, quality food, and, of course, many video games.

All in all, the format has worked. In fact, in March 2006, private equity funds Wellspring and HBK purchased Dave & Busters. And now the company has filed to go public.

Currently, Dave & Busters has 49 units in 20 states and Canada. For the year ended March 2008, revenues came to $543.3 million and EBITDA was $81.4 million. The company has generated comparable store sales growth for 12 consecutive quarters.

Continue reading Dave & Buster's: Eat, Drink, IPO

Dave & Buster's: Eat, Drink, IPO originally appeared on BloggingStocks on Tue, 15 Jul 2008 13:36:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Dave BustersDaveBustersDBHBKIPOWellspringTue, 15 Jul 2008 13:36:00 EST<![CDATA[HBK Investments is bullish on Blockbuster/Circuit City combo]]>http://www.bloggingstocks.com/2008/05/03/hbk-investments-is-bullish-on-blockbuster-circuit-city-combo/http://www.bloggingstocks.com/2008/05/03/hbk-investments-is-bullish-on-blockbuster-circuit-city-combo/http://www.bloggingstocks.com/2008/05/03/hbk-investments-is-bullish-on-blockbuster-circuit-city-combo/#commentsFiled under: ,

As an investor, I wouldn't want to get any closer to Blockbuster's (NYSE: BBI) patently stupid effort to buy Circuit City (NYSE: CC) than I have to.

But HBK Investments -- which owns 9% of Circuit City, 8% of the class A stock of Blockbuster, and 5% of the company's class B stock -- has filed a 13-D on the matter, attaching a letter urging Circuit City to give Blockbuster access to the material it needs to perform due diligence. HBK added that if Blockbuster withdraws its offer because of a lack of cooperation by Circuit City's Board, "we believe Circuit City shareholders will be immediately and substantially damaged."

The fund also added that it might be able to provide financing for the deal, and expressed its confidence in the prospects for a combined company: "We believe that over $300 million per year in increased EBITDA could be realized following an acquisition by maximizing cost savings between Circuit City and Blockbuster."

That's a pretty impressive suggestion, and one that flies in the face of what many analysts have said about the proposed deal. But HBK didn't grow to around $14 billion in assets with stupid decisions, so maybe they're onto something.

HBK Investments is bullish on Blockbuster/Circuit City combo originally appeared on BloggingStocks on Sat, 03 May 2008 16:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BBIBlockbusterCCCircuit CityHBKinthenewsSat, 03 May 2008 16:10:00 EST