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MTY Food Group Inc T.MTY

Alternate Symbol(s):  MTYFF

MTY Food Group Inc. is a Canada-based franchisor and operator of multiple concepts of restaurants worldwide. The Company’s activities consist of franchising and operating the Company-owned locations, as well as the sale of retail products under a multitude of banners. The Company also operates a distribution center and a food-processing plant, both of which are located in the province of Quebec. The Company operates through two segments: Canada, and US & International. The Company operates under various banners, including Papa Murphy's, Cold Stone Creamery, Thai Express, Sweet Frog, Taco Time Us, Sushi Shop, Toujours Mikes, Mucho Burrito, Baton Rouge, Manchu Wok, Baja Fresh, Mr. Sub, Taco Time Ca, Yuzu Sushi, Allo Mon Coco, Pizza Delight, Scores, Ben & Florentine, The Counter, And Planet Smoothie. The Company has approximately 60 brands over 2,400 restaurants in Canada and 40 brands over 4,100 locations in the United States.


TSX:MTY - Post by User

Post by birdbuild99on Feb 19, 2024 10:42am
216 Views
Post# 35887498

MTY

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
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