This is a straight forward business. Even if people haven't heard of the parent company, they're probably familiar with at least some of the brands and I think it's a business model in part because of the way you laid it out that people can wrap their heads around. They offload most of the operational day-to-day costs and what have you to the franchise level. The business today on enterprise value, so that is the market capitalization plus the net debt, is trading at about 8.9 times Ibada. If you like steady cash flow, this is one to put on your radar. That is exactly what I think it is. And I do think it is under
You might be familiar with some of the brands, but the company's name is probably not on your radar.
(00:21) Jim Gillies discusses: - MTY Food Group's 1st-quarter results and why the restaurant franchisor is one of his long-term holdings - The math behind MTY's success - Why he's most curious about Medpace Holdings reporting earnings in late April
(17:45) Most businesses are paying their rent on time, but what happens when they want to renegotiate their leases? Ricky Mulvey talks with Deidre Woollard about the "Wall Of Debt" that's coming due and some more promising sectors in real estate for investors to keep an eye on.
Companies discussed: MTY, MTYFF, MEDP, SBNY
Host: Chris Hill Guests: Jim Gillies, Deidre Woollard Producer: Ricky Mulvey Engineer: Dan Boyd
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