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AMMJ Investing in Cannabis tech. Today + 44,56 %
Marketcap 38.60 mln now. Still very low.
+ 21.58 % today!!!!!!!
Looks like they have added new customers.
Next week q3 results out. I think this must be an excellent qtr. Management added 10 restaurants this qtr. From their filling:
The Company expects the 10 restaurants acquisition to add approximately $13.8 million in annual sales and be accretive to earnings. The transaction was funded with a combination of cash-on-hand and debt financing.
New 52 week high!!!
Peter Kelogg keeps on buying this company.
The float is 13.24 m.
That would be a 40 million market cap. Possible indeed.
AMMJ High risk - High reward.
Stock price doubled last month.
Cannabis stock with a market cap of 10 million.
UTSI
Cash rich and debt free. Turnover due to CEO now visible.
http://finance.yahoo.com/news/utstarcom-reports-unaudited-financial-results-081313144.html
MHGU 15th aquisition in 5 years. 173 restaurants and counting.
http://finance.yahoo.com/news/meritage-reports-acquisition-8-wendy-122533660.html
MHGU 15th aquisition in 5 years. 173 restaurants and counting.
http://finance.yahoo.com/news/meritage-reports-acquisition-8-wendy-122533660.html
The closing this qtr. of underperforming restaurants is an ongoing expense to improve their overall restaurant portfolio. It accounted for 998k on the balance sheet. Still they have a net income of 541k this qtr. Comparing to the same qtr last year (541+998-1077=462K). A growth of 42%!!!!
Never sell this stock.
Meritage Reports First Quarter 2016 Results
Continued Sales and Earnings Growth
Meritage Hospitality Group, Inc.
5 hours ago
GlobeNewswire
????
GRAND RAPIDS, Mich., April 20, 2016 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (MHGU), one of the nation’s premier restaurant operators, today reported financial results for the first quarter ended April 3, 2016.
2016 First Quarter Highlights
Sales increased 16.3% to a record $54.1 million from $46.5 million for the same period last year.
Earnings from Operations were $1.6 million compared to $1.8 million for the same period last year. 2016 included additional one-time charges of $1.2 million associated with restaurant preopening, acquisition, closing and disposition expenses.
Net Income was $541,000 compared to $1.1 million for the same period last year.
Consolidated EBITDA (a non GAAP measure) was $2.9 million compared to $3.3 million for the same period last year.
The Company paid its 54th consecutive quarterly dividend on its Series B Cumulative Convertible Preferred shares of $.20 per share, on April 1, 2016.
“Our first quarter sales were strong and earnings from operations improved by approximately $1.1 million prior to the one-time charges described above under earnings from operations. Customers are continuing to reward us for improved menu offerings and renovated Wendy’s restaurants. In our casual dining segment we are scheduled to open a new flagship restaurant named the Wheelhouse in the second quarter,” stated Robert E. Schermer, Jr., the Company’s CEO.
The reimaged Wendy’s building design continues to produce record restaurant-level sales for Meritage in both newly constructed and renovated restaurants. The Company is planning to complete 18 reimaged restaurants in 2016 and believes the investment will continue to provide a multi-year catalyst for sales and earnings growth as the brand transformation journey accelerates.
Meritage continues to distinguish itself as a performance leader and innovator in the quick service and casual restaurant segments, achieving best in class results through strategic acquisitions, real estate design and development innovations, and the development of people committed to operational excellence. The Company continues to evaluate acquisition opportunities where it can leverage its unique, web-based operating platform.
About Meritage
Meritage is one of the nation’s premier restaurant operators, currently operating 164 quick service and casual dining restaurants in seven states. The Company is headquartered in Grand Rapids and employs a workforce of approximately 5,100. The Company’s public filings can be viewed at www.otcqx.com under the stock symbol MHGU, or at the Company’s website, www.meritagehospitality.com. The Company continues to seek tuck-in acquisitions and new restaurant roll-out opportunities where it can leverage its web-based operating platform and development skill-set within the Wendy’s franchise system and casual dining segment.
Our Board of Directors has authorized the repurchase of 1,600,000 shares of our common stock. As of February 28, 2016, 463,500 shares remained available for repurchase under the plans approved by the Board of Directors. No shares were repurchased during 2015 or 2014. Stock may be acquired on the open market or through negotiated transactions depending on market conditions, share price and other factors.
Bullish
Stock +18% with very strong volume. Still undervalued.
A lot of activity. This company is doing well the 1st qtr.
The revenues of the aquisition of AIS will be seen in the 1st qtr. results.
I think it was a good deal financially:
The total consideration given by Cemtrex to the shareholders of AIS was approximately $7,500,000 with $5,000,000 in cash, $1,500,000 in a seller's note, and $1,000,000 in the form of 315,458 shares of Cemtrex restricted Common Stock. The Company worked with a local bank to finance the cash consideration and working capital part of the transaction. AIS averaged approximately $23 million in annual revenue and $2.4 million in annual normalized EBITDA over the two calendar years 2013 and 2014.
New facility opened in Texas.
Lakeland will be able to quickly provide products and support to the Oil and Gas and Petro-Chemical markets that heavily rely on Lakeland Industries for the Disposable, Chemical and Flame Resistant garments needed to ensure their employees safety.
Bullish
Diluted EPS $0,93
New careers with MEDEX
What 1 SA article can do
Another excellent qtr. and year. EPS $ 1.23 a share!!!, and I like their very conservative outlook. Great team:
Meritage Reports Preliminary 2015 Results; 2016 Outlook: Continued Earnings Growth
Meritage Hospitality Group, Inc.
February 10, 2016 8:49 AM
GlobeNewswire
????
GRAND RAPIDS, Mich., Feb. 10, 2016 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (MHGU), one of the nation’s premier restaurant operators, today reported preliminary financial results for 2015 fiscal year ended January 3, 2016.
2015 Full-Year Highlights:
Sales increased 31.1% to $210.0 million compared to $160.2 million last year.
Earnings from Operations increased 149.6% to $10.7 million compared to $4.3 million last year.
Net Income increased 154.7% to $7.0 million compared to $2.8 million last year.
Consolidated EBITDA (a non-GAAP measure) increased 94.8% to $17.1 million compared to $8.8 million last year.
Common stock cash dividends increased 100% over the previous year, commensurate with earnings growth.
The Company developed or acquired 26 additional restaurants, finishing the year with 166 restaurants in operation.
Chief Executive Officer Robert Schermer, Jr., stated, “Our results for the year achieved many of our operational goals, including a strong contribution from newly built and acquired restaurants, culminating with record earnings in the fourth quarter. During the year, we experienced a number of positive factors including lower food costs, high same store sales growth and several beneficial real estate transactions. Our proprietary casual dining brands continued to grow with earnings increasing 26% for the year.
2015 represented our fifth consecutive year of sales and restaurant growth, which exceeded our original five-year plan submitted to shareholders. We accomplished these results through financial discipline, our unique operating & accounting platform and a service culture in our restaurants,” added Mr. Schermer.
Fourth Quarter 2015 Highlights:
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Sales increased 34.9% to $59.2 million compared to sales of $43.9 million for the same period last year.
Earnings from Operations increased 1,265.3% to $3.0 million compared to $223,000 for the same period last year.
Net Income increased 310.1% to $2.3 million compared to $556,000 for the same period last year.
Consolidated EBITDA (a non-GAAP measure) increased 113.8% to $4.4 million compared to $2.1 million last year.
Company 2016 Outlook: Continued Earnings from Operations Growth
The Company’s 2016 operating targets include the following year-over-year financial expectations (excluding any future acquisitions). The Company is planning to accelerate capital investments in 2016 including the renovation of 18 existing Wendy’s locations utilizing the new image activation design standards.
Sales growth of 5% to 10%
Earnings from Operations growth of 10% to 15%
EBITDA growth of 5% to 10%
Meritage Hospitality Group is one of the nation’s premier restaurant operators, with 166 restaurants in operation located in Florida, Georgia, Michigan, North Carolina, South Carolina, Ohio and Virginia. Meritage is headquartered in Grand Rapids, Michigan, operating with a workforce of approximately 5,100 employees. The Company has approximately 5,651,242 (basic) common shares outstanding. The Company’s public filings can be viewed at www.otcqx.com, under the stock symbol MHGU, or the Company’s website www.meritagehospitality.com.
A company with a 5 yr return of 560 % and more to come. 52 wk high!
http://www.otcmarkets.com/companyPresentationViewer?cmdId=1162
I am adding too, management is shareholder friendly and smart:
http://www.otcmarkets.com/companyPresentationViewer?cmdId=1162
and i like their commitment to growth:
http://www.otcmarkets.com/companyPresentationViewer?cmdId=995
Evaluation time. Where are the 10 products from Biocell? Introducing only a hemp water this year? Where is the revenue from Phytalab? Where is the execution? Is it only promises? Balance sheet is getting worser every qtr. Are they printing shares and smoking a cigar from shareholders money?????
february 3 2015: I am encouraged about the future growth prospects for Abattis. We will continue to identify, qualify, invest, partner, innovate, launch new products and further build our brands in all of our business segments in Canada and the USA. The management team is firmly committed to growing the Company and delivering value for future customers, employees and shareholders. We will continue to manage the business in a prudent manner in order to maintain our competitive position. We remain focused on what we do best - providing botanical solutions for an emerging cannabis industry.
february 3 2015: I am grateful to you, our shareholders for the continued confidence and support you have shown as we continue our mission in driving sustainable, long-term growth and value for our shareholders. I hope you share our excitement about your company's path and the shared opportunity.
febrauary 10 2015: These products will be available to the public through licensed healthcare providers in Canada and the USA. Product launches are scheduled early in Q2, 2015, "In order to launch our products correctly, the company, rescheduled the launch date to make sure our partners are aligned, so that we can ensure a proper role out in a timely basis"
april 28 2015: Biocell is currently preparing additional detailed information on each of the 10 products, which will be disseminated, as it is available.
A big buying opportunity at $ 12. Great looking 3 year chart. Management is executing well. Holding this company for the long time.
Expected earnings date 12/9/15
Zacks is now setting the exp. earnings date on 12/8/15
http://www.zacks.com/stock/quote/CETX?q=cetx
Cemtrex achieved profitability in mid-2010 and since has remained profitable every quarter.
December 1, 2015 Earnings Announcement
Ebola is back in Liberia
100 % dividend increase and a new 52 week high $ 10,75
ESCC 3rd qtr results out, followed by a 52 wk high:
http://finance.yahoo.com/news/evans-sutherland-reports-third-quarter-192600435.html
Very undervalued, looking forward to earnings report
GRAND RAPIDS, Mich., Oct. 13, 2015 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (MHGU), one of the nation’s premier restaurant operators, today reported financial results for the third quarter and the nine months ending September 27, 2015.
2015 Third Quarter Highlights:
Sales increased 31.1% to $53.3 million compared to $40.7 million for the same period last year.
Earnings from Operations increased 177.8% to $3.0 million compared to $1.1 million for the same period last year.
Net Income increased 89.2% to $1.5 million compared to $800,000 last year.
Consolidated EBITDA (a non-GAAP measure) increased 82.7% to $4.2 million compared to $2.3 million for the same period last year.
Chief Executive Officer Robert Schermer, Jr., stated, “During the third quarter and nine months we experienced significant earnings growth which is running ahead of our net earnings and EBITDA guidance for the year. Positive business issues contributing to the results include: lower food costs, restaurant acquisitions, new locations and strong sales associated with Wendy’s restaurant renovations.
The Company continues to focus on its people development and the integration of operating and accounting systems in newly acquired Wendy’s restaurants. We are making major capital expenditures in existing locations using new design standards for Wendy’s restaurants. Our new locations and newly renovated restaurants are providing guests with a contemporary restaurant experience, and they are rewarding us for the Wendy’s investment upgrades,” added Mr. Schermer. In addition, the Company’s chef-casual restaurants are performing well with new restaurants and renovations scheduled for 2016.
2015 Nine Months Highlights:
Sales for the nine months ended September 27, increased 29.6% to $150.8 million compared to sales of $116.4 million for the same period last year.
Earnings from Operations increased 88.4% to $7.6 million compared to $4.1 million for the same period last year.
Net Income increased 115.5% to $4.7 million compared to $2.2 million for the same period last year.
Consolidated EBITDA (a non-GAAP measure) increased 88.9% to $12.7 million compared to $6.7 million last year.
Company Updated Full-Year 2015 Outlook:
Based on nine months operating results through September, the Company is increasing its 2015 earnings outlook to include:
EBITDA growth of 85% to 90% from prior guidance of 55% to 65%
Net Income growth of 110% to 115% from prior guidance of 100%
Meritage Hospitality Group is one of the nation’s premier restaurant operators, with 167 restaurants in operation located in Florida, Georgia, Michigan, North Carolina, South Carolina, Ohio and Virginia. Meritage is headquartered in Grand Rapids, Michigan, operating with a workforce of approximately 5,100 employees. The Company’s public filings can be viewed at www.otcqx.com, under the stock symbol MHGU, or the Company’s website www.meritagehospitality.com.
MHGU Strong earnings growth:
http://finance.yahoo.com/q?s=mhgu&fr=uh3_finance_web&uhb=uhb2
A restaurant company with potential!
Lakeland Industries Inc. (LAKE) 15.18 +1.59(+11.70%) NASDAQ
And some study material published Oct 5,2015:
http://www.otcmarkets.com/financialReportViewer?symbol=ATTBF&id=145287