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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: carl1722 who wrote (77488)	4/28/2025 8:50:46 AM
From: Elroy	Read Replies (1) \| Respond to of 78464

Do you understand why the KING stock is in such freefall? I had a hard time reading their last income statement due to not really understanding how "franchise income" works, I think. And....when they cut the dividend to zero, and perhaps rationalize some stores, any idea what's annual free cash flows? That's the big question. And, debt is $1.7 billion - what do they want it to be? KING seems worth paying attention to, I don't think you need to rush to buy it this week, but it's worth following their "turnaround". Burger King seems like a premium fast food brand.

To: carl1722 who wrote (77488)	4/28/2025 9:11:37 AM
From: E_K_S	Read Replies (2) \| Respond to of 78464

Saw a video on In & Out; they are one of the most profitable by store? In-N-Out Burger: Average sales per unit: $3–3.2 million annually 1 7, with older estimates citing ~$4.5 million per store 6 9. Unit growth: Conservative expansion (365–398 locations) 1 7, prioritizing clustered, highway-adjacent stores Profit Margins In-N-Out: Estimated margin: ~20% EBITDA 6 9, attributed to: Cost control: In-house beef grinding, wholesale sourcing, and owned real estate (avoiding rent) 9. Simplified menu: Reduces ingredient waste and operational complexity 9. Employee benefits: Higher wages ($13+/hour) and insurance plans, reducing turnover JACK's margins may/could be close to In & Out

To: carl1722 who wrote (77488)	4/28/2025 1:28:07 PM
From: S. maltophilia	Read Replies (1) \| Respond to of 78464

Selling off Del Taco Seems like they should be trying to turn it around. They've already written off about half the goodwill last year. Unlike the Jack chain, where half the revenues are franchise related, almost all the Taco revenues come from company owned stores. -10K Note 1, Bottom of page F-12 JACK has more control there than trying to rein in a bunch of franchise operators. And they're more likely to be able to turn it around than they are to generate any significant payment of their debt by selling off just another chain of taco joints.