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Kona Grill Inc. Message Board

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  • bsoren29 bsoren29 Nov 30, 2011 11:32 AM Flag

    Stock buyback

    I like the idea of buying back some shares at current valuations ($5 per share). The market is currently valuing the business on a per unit basis that is less than the company spends to open a unit.

    However I do agree that the company needs to use some of their cash to grow. Their G&A spending is too high as a percent of sales, but should decline with more units open.

    Kona appears to have pretty good unit economics – low cost of sales etc.

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