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Famous Dave's of America Inc. Message Board

  • rantoul24 rantoul24 Feb 26, 2010 10:10 AM Flag

    Implied value of DAVE's business

    Today an equity investor agreed to buy the Carl's Jr. - Hardees restaurants (CKE) for $12/share or ~$930 million including debt. Equals ~1.5 times sales. Applied to DAVE, adjusted for DAVE debt, implied DAVE per share = $20.71. Not a direct like-to-like comparison but does suggest DAVE not an excessive value @ ~$7.00/share.

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