GTIM - Good Times Restaurants: Strong Positive Momentum But Wait For A Pullback Before Considering A Buy
- Shares of GTIM have risen by more than 350% in the last 6 months.
- Significant insider buying has occurred over the last year.
- Company has enjoyed a five-fold sales increase since 2010 as Bad Daddy's Burger Bar has grown from two locations to 39 while Good Times has turned to profitability.
- GTIM still operates in a highly competitive industry with no evident long-term competitive advantage.
- We recommend caution and preferably wait for a pullback to near $3.6/share before considering a buy.
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Good Times Restaurants: Strong Positive Momentum But Wait For A Pullback Before Considering A Buy