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Low floater 5,5 mln shares outstanding. Profitable and growing. Low risk high reward company. I like their last report.
Meritage Reports Acquisition of 15 Wendy’s Restaurants in Toledo, Ohio
Jul 29, 2015
OTC Disclosure & News Service
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GRAND RAPIDS, Mich., July 29, 2015 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX:MHGU), one of the nation’s premier restaurant operators, announced it has completed the acquisition of 15 Wendy’s restaurants located in Toledo, OH.
The Wendy’s restaurants were acquired from a Wendy’s franchisee and are semi-contiguous to the Company’s existing Wendy’s operations extending down the I-75 corridor from Michigan to Florida. Commenting on the acquisition Robert E. Schermer, Jr. CEO stated, “This transaction represents an important building-block in our stated growth strategy to create long-term shareholder value through new restaurant development and consolidation within the Wendy’s franchise system.”
The Company estimates the acquisition will add approximately $19.0 million in annual sales and be accretive to consolidated earnings and EBITDA going forward.
The Company plans to install POS upgrades and transition the back-of-house systems over to the Meritage operating and accounting system protocol. The Wendy’s restaurant system is going through a major brand re-imaging and new building design termed “image activation” with the goal of having 60% of the system renovated by the end of 2020. Image activation includes major interior and exterior restaurant upgrades aimed at creating “A Cut-Above” guest experience.
Meritage has completed 14 acquisitions within the Wendy’s franchise system and continues to build new restaurants and make significant investments into existing company restaurants. The Company owns and operates a total of 167 quick service and casual dining restaurants in the United States operating in Florida, Georgia, Michigan, North and South Carolina, Ohio and Virginia.
Headquartered in Grand Rapids, MI the Company employs a growing workforce of approximately 4,500 people. 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.
POLXF Excellent Qtr. Next one LAKE?
If it is it would be nice. Stockprice jumped in 2 weeks from 2.40 till 4.34. Maybe it also has to do with their renewable energy project in India.
A great swing trade.
What's going on with CETX? High volume and a 52 week high today.
Delay of 10-Q because of a significant increase in revenues and income for the 2nd qtr 2015 comparing to 2nd qtr 2014.
Let's hear that 16 sept. after closing stock market.
This is going a lot higher
ESCC High volume. 52 week high. Up and running
Sold to the institutions for a nice profit
Thanks.
Under the terms of the agreement with Alpine Glacier water, Abattis, through its wholly-owned subsidiaries will have access to up to a million gallons of premium glacier water for a period of three (3) years, with the rights to renew on the anniversary of the agreement.
If it is really good water they will sell some more.
http://investorintel.com/agbusiness-mmj-intel/hemp-drink-sales-at-seattle-hempfest-marks-an-emerging-trend/
What is the customer price of a bottle?
They are in year 2 of their 5 year plan.
1 product (hemp water) is launched. 9 to follow.
Capital Cube things that PFHO is undervalued. They are not the only one.
http://www.capitalcube.com/blog/index.php/pacific-health-care-organization-inc-sudden-move-in-price-will-it-continue/
GTT Communications's PT raised by Pacific Crest to $31.00
GTT Communications reports 2nd-quarter loss but meets expectations
PN the big brother of PFHO hit a new 52 week high. 2nd qtr release on 11 August
Instead of a share buyback they offered shares. Not so good
$ 24,99 On the way to 1 bln marketcap
CTEI Cemtrex moves to Nasdaq, new symbol CETX
Wanted to add more of GTT on a dip but the dip never comes. Almost every month a 52 week high since 2013. Perfect growth stock.
Think they need the money for their next big contract or acquisition
Supercom 52 week high on nice volume bullish
$ 22,12 My 1st 4-bagger
POLXF Strong earnings results last quarter
http://www.barchart.com/headlines/story/8639146/polydex-pharmaceuticals-issues-first-quarter-financial-results
LAKE on fire
Wow a 8,92% stake from JP Morgan. They load up big the last week
New PFHO article from The Specialist on SA:
http://seekingalpha.com/article/3225306-pacific-health-care-signals-to-the-market-our-shares-are-undervalued
SPCB $12,50 on good earnings + 15%
$ 20,70 excellent
PBMD Cure for cancer?
Nice report. Stock going up after hours. Strong volume. Balance sheet improved.
LAKE going up
LAKE Nice tax benefit for years to come from the exit of Brazil. Balance sheet is improving. Nice risk/reward. Fireworks????
LAKE: Run is going to start now