Author Topic: MTY - MTY Food Group  (Read 26152 times)

finetrader

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Re: MTY - MTY Food Group
« Reply #40 on: May 17, 2018, 10:55:33 AM »
I recently initiated a significant position (>5%) in  MTY.

I believe the actual P/E, sitting between 15-20, pretty interesting for a company of this quality.
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finetrader

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Re: MTY - MTY Food Group
« Reply #41 on: July 11, 2018, 09:15:58 PM »
2018 Q2 released. Stock up 10%


https://mtygroup.com/wp-content/uploads/2018/07/20180711-MTY-reports-results-second-quarter-of-2018-ENG.pdf

N.B. This position is now 20% of my portfolio
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finetrader

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Re: MTY - MTY Food Group
« Reply #42 on: October 11, 2018, 01:35:27 PM »
2018 Q3 released. Stock up 6%

https://www.newswire.ca/news-releases/mty-reports-2018-third-quarter-results-696540091.html

This position is now 26% of my portfolio

My P/FCF estimates is now about 16-17
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longlake95

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Re: MTY - MTY Food Group
« Reply #43 on: October 11, 2018, 01:58:14 PM »
Nicely done Fine. Iíve watched MTY for a longtime and I am very fond of Stanley Ma. I missed the boat for now. What do you think MTY is worth?

LL
« Last Edit: October 11, 2018, 02:00:23 PM by longlake95 »

finetrader

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Re: MTY - MTY Food Group
« Reply #44 on: January 31, 2019, 05:33:18 PM »
Thanks longlake95,

Sorry for the late reply, I just saw your post.

I estimate FCF at about 100M$/year.

Market Cap is 1.8B$.

So at 18 times I consider this fairly valued.

I think someone buying now can expect to make between 10-15% return long term.

Not bad on an investment knowing that you will sleep well having money in this.
« Last Edit: January 31, 2019, 05:39:01 PM by finetrader »
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finetrader

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Re: MTY - MTY Food Group
« Reply #45 on: April 02, 2019, 06:21:17 AM »
Stock declined from 70$ to 58$ this past month.

What I think contributed to this decline is this:
-Same store sales were slightly negative
- Management warned about same store sales being affected by competition in the future.

1) I am not too worried about it as it is not the first time same store sales were declining for MTY.
2) They have so many brands
3) MTY has always been about growth by acquisition.

Market Cap = 1.46B$
FCF was 96-99M$ in 2018 and will probably be around 105-110M$ in 2019.

P/FCF= 1.46B$/110M$= 13.2-13.9

Buying opportunity ?  I'll let you decide


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longlake95

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Re: MTY - MTY Food Group
« Reply #46 on: April 02, 2019, 08:11:27 AM »
Hi Fine,

you must have telepathic powers - I recently noticed the decline in MTY, and just downloaded the recent docs to get back up to speed. Give me a couple of days and I'd love to PM you on MTY.  On a cursory basis, seems cheap, and I like the move away from food courts.

LL
« Last Edit: April 02, 2019, 08:18:02 AM by longlake95 »


longlake95

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Re: MTY - MTY Food Group
« Reply #48 on: April 11, 2019, 07:41:36 AM »
The market doesn't like the deal...so far...

DTEJD1997

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Re: MTY - MTY Food Group
« Reply #49 on: April 11, 2019, 08:32:40 AM »
The market doesn't like the deal...so far...

I am surprised at the merger.  Papa Murphy's was having TREMENDOUS difficulties.  They had disgruntled franchisees.  I looked at it a couple/few years ago and it did not look good.