SHELLS SEAFOOD RESTAURANTS Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : SHELLS SEAFOOD RESTAURANTS

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext

To: ozzi who wrote ()	9/11/1999 11:07:00 PM
From: Glenn Petersen	of 3

Took a quick look at the most recent 10-Q. I am not a restaurant expert, but I do know that restaurants are usually valued in private transactions at about 4 times EBITDA. If you annualize SHLL's EBITDA for the first six months of the year, you come up with $5.769 MM. Divide that into the market cap of $$15.589 MM and it is selling at approximately 2.7 times EBITDA. Cheap. They are having some margin problems, however, so the stock is probably not going to move much until the margins improve. Also, restaurant stocks seem to be out of favor. Tough business. Probably a safe long term hold. I have no idea how good the food is. Do you? Also, the quarter does not end until the end of September so it is going to be a while before the next earnings report. Good luck. The most recent From 10-Q can be found at: sec.gov

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext