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.