Del Taco Restaurants, Inc. (TACO) is the second-largest fast-service Mexican restaurant chain in the United States (next to Taco Bell (YUM)) with 75 percent of its revenue from Southern California (annual report p. 22). The company has seen its stock price significantly drop even before the coronavirus epidemic hit.
The stock was $13.36 on July 8, 2019. The stock price had stabilized in the $7.50 range in mid-February when it again began dropping, reaching $4.74 on March 11th when the company reported its fourth-quarter earnings. Management stated the coronavirus