Papa John's International, Inc. (PZZA)

My three largest individual longs are , and .

Here is a list of the positions I own (long and short) that have been mentioned in my Diary: Longs: puts, large, small,  , small, , , large, , small, small, small, small, large, large, small. Shorts: SPY calls, SPY large, large, small, tagends, smal...

In response to several e-mail questions I am not planning to sell any at current levels. Papa Johns was put on my Best Ideas List under $39 three weeks ago - now trading at $46.65.

I don't know this to be true but high above the Alps my Gnome continues to hear vague rumors of a private equity takeout of Papa John's . PZZA was recently placed on my Best Ideas List at under $39 and is trading at a multi-week high of $45.60 now.

In the "absence of sellers," a number of Best Ideas List members are breaking out this morning: , , and .

Papa John's spiking, and I'm hearing vague takeover rumors.

Papa John's continues to make headway (with another +3% advance). Assuming the markets are stable I expect a "5" handle by year's end. PZZA is trading at $43.80 and was placed on my Best Ideas List last week at $48.95.

* I am Staying Bearish Based on the Notion That Upside Reward Is Dwarfed by Downside Market Risk * But I Will Trade Opportunistically in a New Regime of Volatility * Regardless of Market View, I Will Always Be on the Hunt for Long Ideas and Will Pro...

Here is my buy list of stocks that I plan to aggressively buy in a more sizable market correction: , , , , , , , , , , , , , and .

*Not eventful The key feature today was the breakout to the upside in retail stocks - and made multi point moves. (Both are on the Best Ideas List). Interest rates rose modestly, crude oil dipped and gold had a small rise. FANG has been reduced to G...

*Not eventful The key feature today was the breakout to the upside in retail stocks - and made multi point moves. (Both are on the Best Ideas List). Interest rates rose modestly, crude oil dipped and gold had a small rise. FANG has been reduced to G...

The New York Post is carrying a story today that Major League Baseball teams are slowly returning to their partnership with Papa John's. shares up another +$1 after being $2 higher yesterday. Trading at $42.80, the shares were placed on my Best Idea...

Seeking Alpha on (Hat tip to subscriber Neil "The Real Deal")

* I have taken a large sized slice of .  Papa John's shares are trading higher today on talks of franchise royalty relief. My understanding is that the cost was already built into last week's projections (part of the $50 million nonrecurring charges...

During the week I initiated a trading long rental in  Kraft Heinz Co. , traded (in and out) of ProShares UltraShort S&P500 ETF , expanded my large SPDR S&P 500 ETF short, reestablished my Disney short, initiated a long buy (for an investment) in Pap...

and (+$2.65) are the world's fair. And now (+$1.75) is joining in. I have been adding to this name after weakness following a good 2Q2018: Breaking Up Is Not So Hard to Do! Aug 6, 2018 ' 11:34 AM EDT Stock quotes in this article: DWDP Don't take you...

I added to my positions in Kraft Heinz and Papa John's this afternoon. Here is my thesis, discussed yesterday, on PZZA. KHC is a trading long rental and PZZA is a speculative investment.

I'm between doctor meetings... Looks like an inside day thus far with limited price movement. and are upside standouts.

* I like the upside reward v. downside risk in this speculative restaurant stock As expected Papa John's reported weak 2Q2018 EPS and the company guided lower and expanded upon the operating initiatives that are being put in place to remedy currentl...