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I provide an update on the financial performance of Good Times Restaurants (GTIM) for 2022 and the first quarter of 2023. The company experienced no restaurant growth, declining restaurant-level margins, and an increase in food and labor costs in 2022, despite a positive comparable restaurant sales figure. However, there are signs that things may be improving in 2023, with food price inflation expected to decline and menu price increases exceeding input costs. GTIM is still in a good position to survive in these tough times, with no debt and access to an $8m line of credit

Grupo BMV or Bolsa Mexicana de Valores SAB(BMV:BOLSAA) is the largest financial exchange in Mexico and the second largest in Latin America. Grupo BMV operates in six different business segments: Equities, Derivatives, Information Services, OTC, Capital Formation, and Central Securities Depository. The company is a stable high quality business with great returns on capital and a fantastic balance sheet. However, BMV is trading at a 50% discount to peers. At the current price, I’ve added the company to my portfolio due to the stability of the business, high returns on capital, and attractive valuation.

Summary of my Portfolio as of Q4 2022.

Since my last article on Village Super Market (NASDAQ:VLGEA) the company has performed quite well. The company’s profitability has significantly improved and same-store sales has been positive. However, its valuation is still depressed at .17 times sales which is one of the lowest in the sector and about the same as of my last article. Net income margin has increased since 2021 from .98% to 1.7% in 2022 and in the most recent quarter, it hit 2.2%. If the current profitability can continue the company would be trading at 8 times earnings. Given a pending recession, Village wouldn’t be a bad place to continue to park money in my view.

I have become very confused about the future of Marijuana as of late.