If they announce another store opening, this will get some stronger legs. I noticed that all of Utah is closed out for franchise and NC has a Black dot. My understanding with the $3M, they will open more company owned stores of the PIE5. This will be a $10 stock in 6 months.
The financials were not horrible. First $100K of the loss was a one time event. The top line gross profit, was very strong. It looks to me, that they trimmed some of the fat and shuffled some positions around in the company. My $10 call is based on seeing 15 stores of the 38 up and running and additional store franchise agreements signed. They could be holding back announcements, until the shelf is financed. Once completed they could have multiple announcements.
I agree. 39 franchise stores agreed upon and only 1 open so far. The reduction in Pizza Inn franchise locations hurt the profits from sale of food to franchisees, but with 38 new Pie Five yet to open, there looks to be a real upside to this stock, at least for a little while. Should definitely be up in the next 6 to 12 months, but unsure if I'll hang on after that. Depends on the reception of the stores in new markets