ICH Corp. CEO James F. Arabia talks to The Wall Street Transcript
NEW YORK--(BUSINESS WIRE)--April 6, 1999--The Wall Street Transcript has published an in-depth interview with James F. Arabia of ICH Corp. (AMEX: IH), in which he talks at length about his company's future.
He says, "ICH Corporation is a holding company that trades on the AMEX under the symbol IH. Currently, we have one major operating subsidiary, Sybra, which is the second largest Arby's franchisee in the world. Sybra has approximately 180 stores located in seven states and generates approximately $130 million in revenues."
He explains, "Additionally, we're in the process of closing the acquisition of the Lyon's restaurant chain assets. It's a regional family dining chain currently comprised of 77 restaurants. It's located in the Sacramento-San Francisco Bay area, and that chain generates approximately $124 million in revenues."
Looking forward, he states, "We generate strong incremental pre-tax profit growth every time we open a new store on the Arby's side, as long as it reaches what we believe are very achievable volumes. With the Lyon's acquisition we think we have a great opportunity to have acquired a company at a very low multiple of what we believe it can produce in EBITDA. So I would continue to hammer away at the very simple story. If someone is looking for a solid cash flow vehicle, which I think is ultimately the way that you generate shareholder value, then I think that our story is an attractive one and in retrospect will appear to have been so."
To read the complete interview, go to twst.com. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.
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