Carrols Restaurant Group, Inc. (TAST) – Buy

I initiated a new position today in Carrols Restaurant Group, Inc. (TAST) at $11.14.

Share price has been dropping most likely due to lower income which is due to a variety of factors including renovations, acquisitions, beef prices, promotions, and wage increases. Sales are from total and same stores increased over last year – they are in a strong growth phase through acquisition and renovation costs should drop considerably going forward.

Carrols seems to be really good at what they do and they are acquiring more stores a good price and within a short time improving the performance of acquisitions. Burger King is directly invested in them as well. Currently, it seems that the whole company is less than the cost it would be to open all their units from scratch, which makes them a bargain!

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