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Sunday, April 20, 2014 5:33:01 PM
Company does not put out PRs for closed stores, of which there have been 5 in last two years: AZ (2), MT (1), TX (2).
BTW, I would not expect company to PR closing stores, investors have to do their own DD. But easy to do -- can start with the company's own website, which does not include the closed stores.
Company also puts out PRs for stores which never open. For example NJ a couple of years ago, 5 in AZ (2 eventually opened and closed); and double digits in San Antonio (2 opened and closed).
Company is clearly embarking on a campaign to attract more franchisees. Which is a smart thing to do -- enables expansion on someone else's capital, with pure margin flowing in. Question is how many folks will bite. Time will tell.
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