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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

Comment by Finantialon Sep 08, 2012 1:05pm
211 Views
Post# 20337589

RE: RE: Financing results

RE: RE: Financing results

With the detail results of this morning, I think that this company has just turn around. Saving 1,000,000.00 per year in interest with reducing interest to 5.3% on the debt, getting back their product in the grocery store which is lucrative for the company, paying -off 3.5 millions of the debenture with FFH which will also reduce a delution and those gift cards that people forget in their draws seems to be claimed. This company is firing in all cylinder for Q4. My hats off to CEO Denis Richard. Maybe we will see the dividend back in 2013 since they are making tons of cash and the debt is getting under control.

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