Dave and Buster's earnings call does not reflect its future, this
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A lot happened to bar/restaurant/arcade Dave & Buster's ($NASDAQ:PLAY) this week. Like, A LOT. First, the company suspended share buybacks and dividends buybacks. Then, they pulled a "poison pill" strategy where no one investor can own more than any other investor, which negates a hostile takeover, possibly a strategic move to fend off private equity buyers that are likely circling many consumer and retail companies looking to strike the deal of the decade. If that wasn't enough drama, the earnings call yesterday reported a fourth-quarter EPS of $0.80 cents per share, which beat estimates.
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