Viewing Company Imvescor Restaurant Group | StockChase
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Imvescor Restaurant Group Stock Symbol: IRG-T

Definition:Formerly PDM Royalties Income Fund

Last Price Recorded: $3.4100 on 2017-07-27

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Date Signal Expert Opinion Price
2017-07-17 PAST TOP PICK Brendan Caldwell

(Top Pick Apr 8/16, Up 32.96%)  It has participation in a wide variety of restaurants.  This is not an entry point.  There are higher growth possibilities in the market right now.


Price:
$3.500
Subject:
CANADIAN VALUE
Bias:
SELECTIVE
Owned:
Yes
2017-03-08 PAST TOP PICK William Chin

(A Top Pick Sept 16/16. Up 9.88%.) Pizza Delight, Score and Baton Rouge, etc. restaurants. This has new management, and they revamped the menu and renovated the restaurants. Good returns.


Price:
$3.330
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-02-28 HOLD Peter Imhof

This is in the restaurant business out East. He met them and it looked like they were revamping a lot of the restaurants and that the margins increased. It looks like they have done a good job.


Price:
$3.340
Subject:
NORTH AMERICAN - SMALL
Bias:
UNKNOWN
Owned:
No
2017-02-15 TOP PICK Colin Stewart

Their brands include Pizza Delight, Baton Rouge, Scores, etc. Mainly in Québec. Recently made an acquisition of a breakfast chain, Ben & Florentine. They don’t actually own or run the expenses of the restaurant, but take a royalty off the top line. There is a lot of free cash flow. Trades at half the valuation of a Freshii. Dividend yield of 2.69%. The new CEO has been reinvesting in the business. They are on the hunt for more acquisitions. A cheaper way to play the restaurant business in Canada. (Analysts’ price target is $3.88.)


Price:
$3.330
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-01 COMMENT Brendan Caldwell

Operates restaurants such as Baton Rouge, Pizza Delight and Scores across Canada. They brought in new management a couple of years back to turn the business around and the stock has been doing well. Both their top line and bottom lines seem to be continuing on apace.


Price:
$3.340
Subject:
CANADIAN VALUE
Bias:
OPTIMISTIC
Owned:
Yes
2017-01-17 BUY Jennifer Radman

She thinks it is a great company and is a core holding.  There are a lot of good catalysts.  They were a group of fast serve restaurants in Quebec put together by a banking group that did not know restaurants and who then brought in experts, remodeled stores and got the business back on track.  They had a nice same store pickup.  They are now looking at making acquisitions in that area.  The valuation is well below other restaurant peers across North America.  She thinks there is plenty of upside remaining.


Price:
$3.360
Subject:
US LARGE
Bias:
SELECTIVE
Owned:
Yes
2016-10-05 TOP PICK Brendan Caldwell

Operates 227 restaurants such as Baton Rouge, Pizza Delight, Scores and Trattoria di Mikes brands, the bulk of which are franchised. This is a turnaround story. They had new management in 2014, where they were looking to rebrand and redevelop the restaurants that they already had. So far the experience has been working and they have had strong top line growth and strong bottom line growth. Dividend yield of 2.91%.


Price:
$3.160
Subject:
CANADIAN VALUE
Bias:
UNKNOWN
Owned:
Yes
2016-09-16 TOP PICK William Chin

Operates a whole bunch of restaurant franchises, including Baton Rouge and Pizza Delight. They have about 220 restaurants throughout Ontario, Québec and Atlantic Canada. In 2014 they got a new CEO, who encouraged the franchisees to revamp their restaurants, put out new menus and new items on the menus. Traffic has been recovering very, very well. This is in the early innings of getting franchises. Good revenue growth and is a very cheap valuation in the restaurant sphere.


Price:
$3.110
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2016-07-14 TOP PICK Brendan Caldwell

Interesting turnaround story.  It has been turning around since 2014.  They have incentivized the franchisees to maintain the restaurants in the highest possible quality.  They brought a new guy in after it didn’t work.  It takes a while for a new CE to affect all the changes he wants but it SEEMS it is working already.


Price:
$2.790
Subject:
CANADIAN VALUE
Bias:
BULL
Owned:
Yes
2016-06-08 TOP PICK Colin Stewart

One of the largest restaurant franchisors in Canada. They own 225 locations, mainly in Québec and Atlantic Canada. Low CapX and high free cash flow. Pays a 3.5% dividend yield. CEO is just in the early stages of a fairly significant turnaround. They are reinvesting in the restaurants and having the franchisees renovate, improving menus, improving food quality, etc.


Price:
$2.690
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
UNKNOWN
Owned:
Yes
2016-04-11 SELL James Telfser

(Market Call Minute.) Management isn’t too thrilled about buying stock back at these levels. The street is building in a lot of things that might not actually happen.


Price:
$2.750
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
No
2016-04-08 TOP PICK Brendan Caldwell

Some of the names they hold are Baton Rouge, Pizza Delight, Scores and Trattoria di Mikes, which operate right across Canada, but particularly in the East. He likes the food business. The new CEO seems to be turning the company around. A strong franchise model and profitability has been there in the last while. Dividend yield of 3.36%.


Price:
$2.750
Subject:
CANADIAN VALUE
Bias:
UNKNOWN
Owned:
Yes
2014-04-22 PAST TOP PICK Colin Stewart

(A Top Pick April 16/13. Up 38.36%.) Story has only gotten better. Earnings are going higher. Have a great retail business where they sell some of their products in grocery stores. That retail initiative is a very high margin business. Well-positioned and generating a lot of cash flow. At some point, they could initiate a dividend which would be received positively.


Price:
$2.030
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2013-11-05 BUY Colin Stewart

One of his largest positions.  A well run business that it undergoing a turnaround.  Trades at a discount to others.  He is confident in the board to put someone in place as CEO.  A re-initiation of a dividend down the road is a distinct possibility. 


Price:
$2.040
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
UNKNOWN
Owned:
Yes
2013-09-05 TOP PICK Colin Stewart

Smaller cap, special situation, royalty income company.  St. Hubert, Pizza delight, Baton Rough.  Have cleaned up their balance sheet.  Used to be an income trust.  Are in growth mode today.  Are working with grocery stores on, for example, Baton Rough ribs. Discount to other restaurant royalties.  Doesn’t pay a dividend because it got quite over-levered and have just restructured their balance sheet.  Thinks a dividend or share buy-back program is on the books.


Price:
$1.530
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Yes
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