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mr40

12/05/13 8:28 AM

#6302 RE: kentonmag1 #6298

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.