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IMVESCOR RESTAURANT GROUP INC. T.IRG

"Imvescor Restaurant Group Inc is a franchise business that operates restaurants under the brand names of Pizza Delight, Toujours Mikes, Scores, Bâton Rouge and Ben and Florentine and licenses the right to manufacture and sell prepared food products."


TSX:IRG - Post by User

Post by lightning99on Jul 09, 2014 6:48pm
215 Views
Post# 22730555

mty recent purchase

mty recent purchaseMTY's recent purchase is said to be about 7 times ebita. IRG is sub 20Mil/Year. At $20M/year=.467/share x 7=3.28 take away the debt at about $0.80/share= 2.5 plus or minus a bit. I am guessing the recent weakness in the stock is based on this news and now that MTY did an acquisition, that is 1 less potential buyer, and there isn't that many in Canada. contrary to a recent BNN guest I can't imagine Fairfax buying it since thay have already owned a lot if not most of IRG a couple years ago and sold out a couple Q's ago. this is not good news for us long suffering holders. But I am hoping I am wrong not just frustrated. they really need to get this Chit together and get the SSG issue fixed. Good Investing, Lightning
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