MTY - MTY Food Group

[manuelbean]

This is entirely general, take it for what it is worth, but nothing will probably happen. Everyone (well not really) is gonna trip their covenants. The demand chock from this thing is unprecedented. Talked with a PE guy today (but this was Europe), said banks were willing to postphone covenant tests 6-12 months. Few will want to bankrupt solid companies due to temp issues. If Canadian banks are screwed that might be more difficult, no Idea.

Thank you very much for your help.

[manuelbean]

Does anyone know what this is about?

https://mtyfoodgroupexposed.org/

[DTEJD1997]

Does anyone know what this is about?

https://mtyfoodgroupexposed.org/

I am not sure.  My guess would be that it is disgruntled franchisees.

Years ago, I looked into Cold Stone Creamery.  I was surprised at the number of locations for sale.  I was even more surprised at how high the fees were.  There were scads of disgruntled franchisees who were complaining, putting their stores up for sale, or closing them.  Did not look like a good situation.

Similar thing with the take & bake pizza concept.

Maybe things have changed since then?

[manuelbean]

Maybe they have. I'm not sure.

By the way, what does it mean to "temporarily lay off" half of the global workforce? What are the implications here?

[manuelbean]

Does anyone have access to the CC transcript? Was there even a Conference Call?

[KCLarkin]

Ouch, how come nobody told me about Rearden's June post on VIC? He's not always right, but definitely one of the best writers on VIC.
https://www.valueinvestorsclub.com/idea/MTY_FOOD_GROUP_INC/5896116022