Mexican Restaurants is a stock that no analyst is currently covering. They are currently in an expansion mode, yet are moderately profitable. Note that Mexican Restaurants revenue in the past 3 years has been $60M, $59M and most recently $77M. The dip in 2003 resulted from some store closures. Over this time period, Mexican Restaurants stock price has shown steady growth.
How to value CASA? Since it's a restaurant, a fair measure is roughly it's revenue (compare the following restaurant market caps to their revenue). Thus, CASA would be worth is about $77M which is $40M more than their current market cap of $35M. Thus, according this measure, a fair value for the stock is about $22 versus $10 currently.
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