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Good Times: Equals Good Times For Your Wallet
I see restaurants benefiting post Covid because lots of competition got eliminated during the shutdown. This should lead to an attractive competitive environment which should offset margin pressure from labor and food delivery. In this space GTIM sticks out as an enticing business with restaurant operating margins close to its peers, and has plenty of growth ahead of itself. However none of that is reflected in the stock price; trading at less than .5 times sales well below peers. I’ll go over trends in the restaurant industry then delve into why I like GTIM.