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The Future of MTY
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