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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 financo_valueon Nov 23, 2009 8:23pm
557 Views
Post# 16516250

Sales dive at Imvescor

Sales dive at ImvescorSales fell 14.6% at Baton Rouge and 4.1% across the board. This is bad news guys. Don't expect much of a dividend from this dog. As the economy get worse, they will have to close restaurants and conserve cash. This is dead money. If the company wants to increase sales they will have to spend even more cash to fix up their restaurants, so this will further drag the company. This really sucks! I'm out guys, stay in at your own risk.
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