MTYRBC target $48
TD target $60
Scotia target $55
NBank target $59
Acument target $75
Raymond James target $60
Analysts have lowered their targets
Cali min wage to go from $16 to $20
other states could copy is the fear
same store sales down
new erp system to cost $7 to $10 million will take 2 yrs to fully impliment
are open to acquisitions(small /med) if meet strict MTY expectations
main priority is to pay down debt so they can make large acquisition down the road, as you noticed this past year there was really no news because they are paying off debt which is approx 1.3 billion, this has to be paid down, i would not be surprised if they floated some shares to reduce debt, obviously the higher the share price the better if they pursue this option, right now they are paying debt down approx $30 mill per qtr, if they stick to this plan it will take years to get debt down so they can make a substantial acquisition.
interest rate reductions would help bring down interest charges on debt
CEO - is top shelf in my books
these are a few thoughts do not use my post to make your investment decision, do your own due diligence, i am not saying to invest or not invest in MTY