OTCPK:FRHHF - Post by User
Comment by
SH00000on May 03, 2019 10:22am
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Post# 29706137
RE:AVOID - FRII going BUST!!
RE:AVOID - FRII going BUST!!So...Corrin is smart enough to:
Launch a single store, secure financing, sign on franchises, IPO “fleece the shareholders” in your opinion, develop large multi store franchise members in key markets, realize and admit failure with Target, turn a chance meeting on a flight in to supplying that airline with meals, link up with a super major who wants to eventually have 40% of revenue to come from non-gas sales within their retail units, now partnership with Walmart Canada, sees value in his own company and decided to deploy capital in a share repurchase (very tax efficient)....
BUT at same he is so DUMB that the company will go bankrupt??? Your reasoning is not sound. Look at the board, look at the numbers and if you think the company has no future...SELL. If you believe in the product and management (as you are correct HE has the voting class)....then BUY because it has never been cheaper. Just that simple. Don’t look quarter to quarter. I rather see a bad quarter, with more marketing spend..to grow long time value...also if you have $10,000 in the game then go pick up a few evening/weekend shifts at a local Freshii because that’s a better return then posting on this forum.