YUM - Buy Ark Restaurants As A Recovery Trade With The Stock Trading At 17% FCF Yield And 6x P/E Based On 2019 Financials
- Great "Unlock & Recovery" trade, we see 67% upside, as the stock recovers from being down -50% YTD to pre-crisis levels.
- The company has a 17% FCF Yield and 6.3x P/E multiple on 2019 actuals.
- Ark Restaurants has a trailing 2019 8.3% dividend yield, resumption expected next year on strong FCF recovery.
- 37-year operating history, will survive and thrive in industry with 61% of restaurants going out of business due to Covid-19.
- Ark Restaurants is soon to reach breakeven cash flows, with marginal monthly cash burn.
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Buy Ark Restaurants As A Recovery Trade With The Stock Trading At 17% FCF Yield And 6x P/E Based On 2019 Financials