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Microcap & Penny Stocks
CHKR--insider expects it to double during next year
An SI Board Since August 1997
Posts SubjectMarks Bans Symbol
111 1 0 CHKR
Emcee:  Brandt Maxwell Type:  Unmoderated
CHKR (Checker's Drive-in Restaurants) is a turnaround stock which is currently undervalued (but likely won't be for fact, an insider who works for CKE (which runs Carls Jr. and restructed Checker's debt and helped run their new management team) thinks CHKR will double during the next year). The insider also said that Carls Jr. will possibly take over Checker's completely (with a stock swap). Right now, Carls Jr. has a small stake in Checker's stock. (This information is his OPINION, not illegally obtained company hidden info.)

This stock is very volatile, but somewhat predictable as it moves in an orderly fashion when news comes out. The only bad news that has come out that caused it to be undervalued during the past few months is that CHKR and RLLY (Rally's Hamburgers) intended to merge, but couldn't due to lack of SEC backing.

Recently, the stock has been basing near 1 1/8, but periodically the stock rises suddenly (to 1 25/32 in late June) but falls back to its base. Thus...a good play would be to buy now near the base and sell after it climaxes on a surge (which is easier to tell with this stock than most). Then buy again when it bases again.

This company should begin turning a profit any quarter now (quite possibly this quarter).

What do you all think? This looks like a great buy given the likelihood of the stock doubling in the next year. The downside potential is small as the 52-week low of 23/32 occurred before the debt restructing and management changes last winter.
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111Special CHKR update.................. <b>Iowa State U. at Ames is on the jmhollen-1/12/2005
110 Somebody should take the broom and sweep the top management team out the basemeDaniel Meyers-11/15/1999
109 Link to LA Times story about Foley's companies: latimes.comRobert T. Quasius-7/19/1999
108 Is anybody still on this thread? Any comments about the proposed merger with RLRobert T. Quasius-2/20/1999
107 To Brandt; I bought another 1000 shares of rallys today and according toLOUKY-1/6/1999
106 John, That's been Bill Foley's intention all along. He's graduallBrandt Maxwell-1/4/1999
105 To Braynt; I have been following Rallys for some time now and finally brokLOUKY-1/2/1999
104 To Brandt; I just purchased 3000 shares of rallys today for less then 50 centLOUKY-12/18/1998
103 To Brandt: There will be no merger betweeen Checkers and Rallys. It is allLOUKY-12/10/1998
102 This is the reason CHKR is priced so low... Basically, it turns out, that the Brandt Maxwell-11/30/1998
101 TO ALL CHKR HOLDER"S from a post I put up a couple of weeks ago.......... joe caetano-4/29/1998
100 pretty good day so far. I wonder what this company should be valued at?cool-4/29/1998
99 RT, Let's hope the profits keep coming. If so this stock will finally tbob-4/28/1998
98 John, The new management team did a marvelous job in turning Checkers around. RT-4/28/1998
97 There are quite a few here in St Petersburg, all in excellent locations JLcool-4/28/1998
96 John, Congratulations on your investment. EPS .01 This is wonderful news. It RT-4/28/1998
95 Nice numbers!cool-4/28/1998
93 Just became a proud Checkers owner---eomcool-4/28/1998
92 CHKR reports q1 profits. First profit since q3 1994. Looks likcarl morgan-4/28/1998
91 Joe, what is the name of the Checkers thread on Yahoo? I've tried to accesDennis W-4/26/1998
90 They have the food and good locations in most cities. The competition is not soWEBNATURAL-4/14/1998
89 Checker's Chief Financial Officer/insider buy 03/04/98 I think that joe caetano-4/11/1998
88 I was in Orlanddo this past weekend and stopped twice at CHKR Each time there wDaniel Meyers-4/2/1998
87 Has anyone read any recent restaurant analyst's report regarding Checkers&#Dennis W-3/29/1998
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