Description
The company runs 86 Big Boy Restarants and 9 Golden Corral Restraunts in Ohio, Kentucky and Indiana. They have sold (or are in the process) of selling their hotel business and getting back to core business. They sold their interest in a pro team and used proceeds to pay down debt. They plan on opening more of the Golden Corral as they are very successful.
For the last six months the revenues are up 11%. Net book value per share is 10.70 and the stock is selling at 4.35 X cash flow and at a 10.5 PE ratio. Debt to equity is 49%. Write and get the last few annual reports and give this company a look see.
Catalyst
The success of the new Golden Corral restarants will start flowing to the bottom line.