RE:RE:RE:RE:RE:Sold out at 2.91 Very true, their large crash did start in mid 2019 before the real hit of 2020, good call on that.
They we stable 2012-19, is there a reason for their restaurants fall off?
I was a Jack Astor's guy before they change thier mashed potatoes and steak size many years ago, after then it was only when they were convenient or had something going on, only did a couple trips to Canyon Creek as I didn't like the cost to portion sizing even tho the food was excellent, I think I was at Alice Fazooli's once and it wasn't really noteable. I've never been to a Mr. Mike's or even seen one before even tho I've been in areas where they are located, I'm gonna have to check one out on the way to Niagara Falls when normal happens again. When I was out west travelling, where most locations are, I usually looked for an Earl's, Keg or Boston Pizza, Earl's quickly became my favourite restaurant while visiting West Edmonton Mall and been in like 5 others in Alberta, BC and Winnipeg and I was super pleased when we got the downtown Toronto location.
I'm a generally positive person that this situation will eventually end and normal then will look similar to normal past and I think restaurants will do better. But that's hard to say as wages are jumping, real estate/development costs are way up and likely going forward health/safety costs will be higher. One advantage I like is thier costs of products, altho rising significantly they have purchasing power in bulk that individuals don't have, we have to look for deals, they can make them. But I also know they operate a very small profit margin as a buisness and rely on significant traffic and speed to be successful.
Also, I very much agree I don't want to buy at a significant premium. But just threw it out there as an idea that payouts are similar in a similar buisness arena, that eating something like this likely wouldn't alter either companies value too much other than stronger together.