Grillit Inc (GRLT)

[kentonmag1]

From August 15th 2013 please read when the share price was $3.66, pay particular attention to the 2nd paragraph where it states it has 2 corporate stores and has signed 3 new franchisees in the last 3 weeks alone. Now tell me how you can believe anything the people in this Company say. It was all BS then and nothing has changed.

INVESTMENT HIGHLIGHTS
GRILLiT, Inc. has the right leadership, concept and early wins to become the next major success story in fast casual dining. By marrying an innovative health conscious menu with what may be the only pure play Latin-Caribbean fusion concept chain, GRILLiT has already enjoyed success and acclaim in its 2 South Florida restaurants.
In addition to its 2 corporate owned stores, the Company has signed 3 new franchisees in the past 3 weeks alone. Management plans to have at least 21 corporate and 58 franchised locations operating within the next 5 years.
Investors will benefit from a series of short-term milestones including the opening of GRILLiT’s 3rd corporate owned store and additional franchisees coming on line in the next several weeks.
When compared with peers Chipotle Mexican Grill (NYSE – CMG), Noodles, (NASDAQ – NDLS) and Panera Bread (NASDAQ – PNRA), which are trading at an average of 55x FY13 EPS and at an average of $4.5M per company store, GRLT appears attractive. Moreover, as the Company continues to grow and open new stores, we believe that GRLT will become a sought after takeover target due to its low-cost, high profit, innovative fast casual concept. Thus we rate GRLT Speculative Buy with an $8.00 intermediate term target price.

Full article here. http://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=web&cd=8&cad=rja&uact=8&ved=0CEUQFjAH&url=http%3A%2F%2Fwww.goldmanresearch.com%2FDownload-document%2F321-The-Next-Chipotle.html&ei=gQbuVO2ELcqhNvDfgrAB&usg=AFQjCNGbqpW8rajUwu1o1MXnC1rwIfk5zQ&sig2=5BrncVqwM95sdkbx3m4p9A