The Pantry, Inc. (NASDAQ:PTRY)

It's my opinion that at $20, this issue was overpriced. I suppose my opinion was justified by the recent earnings miss and stock price correction. At $10 a share, it is starting to look much more attractive. Earnings for 2012 are estimated at $0.87 a share, or a forward P/E of about 12 at its current price. Book is also around 0.80. Cash flows look pretty good, and their anticipated growth for 2012 and beyond seems strong. I just wish they would stop buying businesses and focus on continuing to improve cash flows. A dividend for shareholders would also be quite nice. Willing to take a shot at $10 after a 50% haircut from its highs. I plan to keep a close eye on free cash flows and future M&A activity. I am hoping they spend more time strengthening their balance sheet than looking for new acquisition targets, but I am not holding my breath.

Minimum expectation -- a dead cat bounce, but also since PTRY has been hurt by high gas prices, which reduce sales, the outlook improves since we can expect a brief respite in this drag for Pantry.

T11A MB9

Cost cutting and upgrades in progress.Profitability on rise. too cheap now.

New management, oil price probably bottoming, highly leveraged can benefit you when things turn, 5-star CAPS, near 52-week high with strong past performance... flyer -- CAPS is for fun and to learn, and I don't tend to research these picks as much.

I LOVE KANGAROOS!

I think ultimately these types of convenience stores will come to symbolize the early 2000's.

I'm also thinking they are the Wawa/Sheetz of the Southeast? Is that accurate?

PRTY is going to PARTY!! (also known as KANGAROO)

Still 2% within a 12 month low, Extreme undervaluationv (p/e ratio 5 ; industry p/e = 135), good cap size for immediate growth (zero div), 8410 employees (for this industry, this company probably isn't going to die alone), Revenue has dropped (red flag) however, net income/EBIT have been on a steady overall rise for the past 3 years! (green flag).

AND!!

The biggest green flag of all: Insider buying. Check the SEC 10-4 forms. Corporate exec. buy ins exploded in December!

Great future earnings.

This stock is undervalued, as the economy comes back the Pantry is set to benefit from increased travel and goods shipment.

low relative PE, good star & 2010 earnings. Bottom fishing week of 11/30

earnings projections are on the way back up, and this stock is far below the P/E of its industry peers. On the next one or two earnings cycles, I think it will bounce quite significantly. I note it's been ahead of earnings projections (way ahead!) for the last two quarters.

Recent Price and earnings momentum.

hit a bottom

Bought Puts.

Numbers are good, Management seems solid. Can't do much about oil and gas prices, but you can make good money from buying oversold stocks. Chalk another one up to panic and mayhem. Personally, when I saw this stock go below $12, even I was panicked... Panicked my buy order for 2000 shares wouldn't go through before the stock price returned to $14 - $15.

Stock collapsed on a bad fuel hedge and slightly lower sales. It should recover nicely as margins improve in the coming quarters. The sell off is overdone, and even looks like it could be a classic no uptick bear raid.

I see a company which has made some aquisitions and is not paying off the debt from these to retool the stores under one brand name. Big future profits is what I belive the result will be.

Great growth and earnings.

Fuel prices are down, which reduces store overhead. Fuel is basically a break-even item for most convenience stores intended to get customers in the store to buy other items. The small amount of markup they have on fuel (if they have a markup at all) doesn't increase even when fuel prices rise.

But convenience stores have a higher markup on their non-fuel products than most grocery or retail stores have - they get that kind of pricing power in exchange for the location-based convenience of their stores. And The Pantry is growing through acquisitions - they seem to have bought half the convenience stores in Georgia and Tennessee in the last five years. (Everything now is Kangaroo, which is The Pantry's primary brand.) That increasing scale will give them more pricing power.

1500+ stores across 11 states and growing. One of the hungriest fish in a fragmented (but quickly consolidating) market. Low P/E. Stock near 52-week low. They're repurchasing shares. Quickly becoming the 24-hour Wal-Mart of convenience stores. If they paid a dividend it would arguably be one of the best stocks out there right now.