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mr40

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mr40

Re: kentonmag1 post# 6298

Thursday, 12/05/2013 8:28:03 AM

Thursday, December 05, 2013 8:28:03 AM

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Agree. I have invested in enough restaurant company stocks to clearly see that GRLT is over valued at a market value of $69M.
These are not ***** restaurants. Their menu is low priced and without a liquor license their margins are thin. What is their profit on a $8.99 item?

They would need to sell at least 25 franchises this year to justify that market value. They would need to have pre-arranged financing for these franchises and banks won't touch them. Just an extremely tough economy to open new restaurants. For an example, look at how Quiznos is struggling.
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