Tim Hortons 2.42
Dunkin Donuts 5.45
Peets bought in July 2012 for 2.6 Times Sales
A 2.6 Times Sales would be $16.80 per share +/- for KKD.
A 3.65 Times Sales would be $23.65 per share +/- for KKD.
That is why it would seem...SEEM to be a rather tough sell to give up control of this company for anything remotely below $15 to $16 per share. Especially at this juncture with the tremendous trajectory they have built and the opportunity ahead of them.