Bill McClintock was hired by Good Times (GTIM) to develop their franchise Bad Daddy’s Burger Bar. He was part of the successful launch of BWLD. GTIM has had a full year of over 10% same store sales increases and just purchased rights to franchise Bad Daddys which is one of the top 25 voted upscale bar/burgers in the states.
Goodtimes used to trade up to 18 in 2007 and has all the prospects to do so again. That includes great acceleration of comparable same store sales in their current franchise and a new concept which attracted Buffo Wild Wing talent.
Bill McClintock is a catalyst for the GTIM stock to finally appreciate as they build up Bad Daddys with the help of the guy who helped build up and has the know how. Good Times has a market cap less than 20 million and trades close to 2.30 today. But I see some good things happening.
This I from the PR:
McClintock has spent 27 years in franchise sales and development, including 10 years as Vice President of Franchise Sales and Real Estate at Buffalo Wild Wings, Inc., where he took the brand from 50 restaurants to more than 500 and participated as the average sales increased to over $2.5 million. McClintock also served as Vice President of Franchising for McAlister’s Deli and most recently was Senior Vice President of Development for Diversified Restaurant Holdings, Inc. (DRH), which operates Bagger Dave’s Burger Tavern and is the largest franchisee of Buffalo Wild Wings.
With news like we are having. Stronger cash flows etc and the amount of +10% same store sales and even close to 20%. We are going to wake up and some analyst or website puts a positive word in about GTIM and the stock doubles or more instantaneous.