Subject: Re: To PZZA or not to PZZA?

Interesting idea. If data aggregator sites are to be trusted, it looks like almost 18% of the float of PZZA is sold short (or 10% of shares outstanding). That's... high. And the shorts are willing to cover a 4.5% dividend to do it. Is it reasonable to infer near term operating results might not be stellar? GAAP EPS is all over the place, but what's it reasonable to pencil in, $2.50- $3 / year for the next few years? They run a lot of debt, are you at all concerned about that?