Comment by
marcrobert on Jul 02, 2020 3:45pm
WTF? so much spare cash that they need to buy back shares. It's fluff PR. I'll bet they will buy zero shares. And investors should want capital preservation at a time when the industry is facing dire problems. Sell into strength, wait for inevitable pull back
Comment by
FutureWizard on Jul 02, 2020 4:22pm
Of course they will buy 0 share in 2020, it's just PR and for maybe in 2021 if the pandemic is gone. No CEO in its right mind would buyback shares right now with such a balance sheet. I think it's currently right priced at the moment. Might go lower if 2nd coronavirus is bad.
Comment by
shawshank2 on Jul 02, 2020 10:15pm
You are just guessing. Mty gave a good overview during q1 of the effect of the virus and it may not have been as bad as expected. Mty is still trading over 50% down from january. The majority of their brands are perfect for covid climate takeout, quick dining etc. I myself love mucho and see it is very busy. Canada is starting to reopen. Ontario full opening soon quebec fully. We will see 40$ soon
Comment by
FutureWizard on Jul 02, 2020 11:05pm
@shawshank2 I'm bullish long term on MTY in 2021++ and I have a lot of shares. I love their sushi and thai express brands and I love their cash flow. It's just that I don't think they will buy back shares in 2020. It would be stupid in my opinion.
Comment by
shawshank2 on Jul 02, 2020 11:53pm
Yes who knows i guess it depends on current cash flow