Blackstone deal second tranche is awaited, 4 quarters in a row increase in topline, MACEL has assets though I agree recovery is anyone’s guess. The bet is on megatrend of coffee consumption, reputed name, increasing topline and bottom-line if we leave one time hit in the quarter. QSR commands 10x revenue as valuation and book value is hardly the yardstick here… Need to delve deeper to see value …
1 Like