Added to YB: 2020-09-18
Pitch date: 2020-09-18
LUB [bullish]
Luby's, Inc.
+70.68%
current return
Author Info
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Company Info
As of May 31, 2022, Luby's, Inc. went into out of business. Previously, it provided restaurant services in the United States.
Market Cap
$55.3M
Pitch Price
$1.04
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-2.25
EV/Sales
N/A
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Lubys: Asset Heavy Restaurant Business Opts for Liquidation
LUB: Luby's cafeteria & Fuddruckers burger chain pursuing liquidation. Owns 69 properties worth $191.5M. Estimates $3-$4/share distribution (currently $2.35). Advisor sees $4.15-$5.62/share proceeds. Most distributions likely in 6-12mo based on interest in assets. Debt $63.7M ($10M forgivable PPP). Covid hit cafeterias hard. Mgmt owns 30%, failed turnarounds, so liquidation seen as best option.
Read full article (4 min)