Thursday, May 7, 2015

Bojangles success is soon to reward its investors

Bojangles location
at 1291 Broadway, Brooklyn NY
is now closed
By sometime Friday, Bojangles will be a public company with its stock traded on the NASDAQ under the symbol BOJA. There could be about 9 million shares offered at a price of $18 to $19 a share, maybe higher. If all sold, more than $169 million will be raised with most that money going to the key investors, not to Bojangles for expansion and upkeep. For those who invested from the start and along the way, you can say, “it’s BO time!”

Bojangles, for all the unhealthy fried food offered there, has been a go-to restaurant for many years. There’s one in Apex just a couple of miles from home, and it’s always busy. Apex High School is just across US Highway 64 from this Bojangles location, and the students make it a destination before, during (lunch) and after classes. A few years ago, there was no Bojangles in Cary, most likely due to building design and color schemes, but that’s changed and now there are two, one on East Chatham Street near the soccer stadium and another at the intersection of Davis Drive and High House Road in the SearStone retirement community, a perfect location since so many retirees enjoy breakfast chatter and Bojangles loves to accommodate them.

There was once a Bojangles in Brooklyn NY. It was in a food court along with Krispy Kreme doughnuts, Subway, Nathan’s Hot Dogs and other eateries. You could take the “J” line from lower Manhattan across the Williamsburg Bridge to its location at 1291 Broadway (not the neon lights Broadway but the Brooklyn Broadway). This Bojangles has closed. The most northern location today is in Reading PA. There’s one in Union Station in Washington DC. Bojangles, born in Charlotte NC, is primarily a southern thing with its spicy fried chicken and lots of typical fixin’s. There are two locations in the Rotan section of the Bay Islands off the coast of Honduras. We’ve visited a lot of Bojangles but not the latter two. Sounds like a good road trip to me.

It’s good to see the success of this company.  The IPO will reward those who made the investment, some of only cash and some of lots of labor. For those of us who enjoy its food, especially the Cajun chicken biscuit and the ham, egg and cheese biscuit, we just wish those who are profiting from the cash raised from the sale of stock would recognize that the real stockholders are the customers who make regular visits. Just send my rewards in the way of the Super Tailgate Special (twelve pieces of our world-famous chicken made with a special blend of seasonings and fried to perfection, served with your choice of three picnic fixin’s, six made-from-scratch buttermilk biscuits and a half gallon of our Legendary Iced Tea™) for several football seasons to come!
-------------------- word of the day
volitant (adjective) [vol-i-tnt] engaged in or having the power of  flight

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