Imvescor Restaurant Group | StockChase
21
Imvescor Restaurant Group (IRG-T)

Last Price Recorded: $4.0600 on 2017-11-23

ON STOCKCHASE SINCE Sep 2004

Financial Services

Imvescor Restaurant Group


Signal Opinion Expert
     

2017-11-13

PAST TOP PICK
Imvescor Restaurant Group (IRG-T)

(A Past Top Pick Jul 14/16, Up 49%)  They brought in new management during a turnaround and they executed extraordinarily well.  He has been pleased and sill owns it.

Financial Services
Brendan Caldwell

President, Caldwell Securities

Price: $4.150
Owned: Yes

2017-10-20

PAST TOP PICK
Imvescor Restaurant Group (IRG-T)

(A Top Pick Sept 16/16. Up 20%.) Runs a chain of different restaurants. Hired a new CEO about a year ago, who changed the decor of the restaurants and redid the menu. Has just added more to his holdings. It has a lot of runway.

Financial Services
William Chin

Portfolio manager, Caldwell Investment Management

Price: $3.600
Owned: Yes

2017-07-17

PAST TOP PICK
Imvescor Restaurant Group (IRG-T)

(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.

Financial Services
Brendan Caldwell

President, Caldwell Securities

Price: $3.500
Owned: Yes

2017-03-08

PAST TOP PICK
Imvescor Restaurant Group (IRG-T)

(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.

Financial Services
William Chin

Portfolio manager, Caldwell Investment Management

Price: $3.330
Owned: Yes

2017-02-28

HOLD
Imvescor Restaurant Group (IRG-T)

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.

Financial Services
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $3.340
Owned: No

2017-02-15

TOP PICK
Imvescor Restaurant Group (IRG-T)

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.)

Financial Services
Colin Stewart

CEO & Portfolio manager, JC Clark Investments Ltd.

Price: $3.330
Owned: Yes

2017-02-01

COMMENT
Imvescor Restaurant Group (IRG-T)

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.

Financial Services
Brendan Caldwell

President, Caldwell Securities

Price: $3.340
Owned: Yes

2017-01-17

BUY
Imvescor Restaurant Group (IRG-T)

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.

Financial Services
Jennifer Radman

VP & Sr. Portfolio Manager, Caldwell Investment Management

Price: $3.360
Owned: Yes

2016-10-05

TOP PICK
Imvescor Restaurant Group (IRG-T)

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%.

Financial Services
Brendan Caldwell

President, Caldwell Securities

Price: $3.160
Owned: Yes

2016-09-16

TOP PICK
Imvescor Restaurant Group (IRG-T)

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.

Financial Services
William Chin

Portfolio manager, Caldwell Investment Management

Price: $3.110
Owned: Yes

2016-07-14

TOP PICK
Imvescor Restaurant Group (IRG-T)

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.

Financial Services
Brendan Caldwell

President, Caldwell Securities

Price: $2.790
Owned: Yes

2016-06-08

TOP PICK
Imvescor Restaurant Group (IRG-T)

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.

Financial Services
Colin Stewart

CEO & Portfolio manager, JC Clark Investments Ltd.

Price: $2.690
Owned: Yes

2016-04-11

SELL
Imvescor Restaurant Group (IRG-T)

(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.

Financial Services
James Telfser

Partner & Portfolio Manager, Aventine Management Group

Price: $2.750
Owned: No

2016-04-08

TOP PICK
Imvescor Restaurant Group (IRG-T)

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%.

Financial Services
Brendan Caldwell

President, Caldwell Securities

Price: $2.750
Owned: Yes

2014-04-22

PAST TOP PICK
Imvescor Restaurant Group (IRG-T)

(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.

Financial Services
Colin Stewart

CEO & Portfolio manager, JC Clark Investments Ltd.

Price: $2.030
Owned: Yes

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