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Burgerfi International Inc (BFI)

NASDAQ
Currency in USD
Disclaimer
0.3975
-0.0094(-2.31%)
Closed
After Hours
0.3930-0.0045(-1.1321%)

BFI Comments

My Friends Merged todayhttps://www.restaurantbusinessonline.com/financing/burgerfi-buy-anthonys-coal-fired-pizza-1613m
insider Selling Extravaganza.. https://finviz.com/quote.ashx?t=BFI
Hot mess
Suggest buying for the move up. PR person said exciting things happening for 2021.
Buy now before it starts moving up. PR person said exciting things happening for 2021.
Why dropping?
This merger was a joke
Why this stock is not moving?
tomorrow u ll see
today w BurgerFi. BFI
When is this fing merger??
Currently voting on a final extension according to SEC filing. Also is litertally at liquidation value. I recently bought back in at these prices. They are my biggest position. Might take months but I think the new CEO and extra low market cap are great opportunities.
Time to dump this stock?
The merger with Burgerfi is before end of October 2020. Three more weeks from today
when will be the merge?
oktober or never
 do you think the merger will not happen?
I am waiting to buy this stock at $7
good luck . won't see below 10 again
I am waiting to buy this stock at $8
I am waiting to buy this stock at $9
Merger is on track. Definitive agreement is signed.
I did a quick back-of-the-envelope calculation and $OPES could realistically be worth 35 to 40$ According to this article, OPES would aquire majority share of BurgerFi in the merger. I'll assume OPES will own about 51% of the equity of BurgerFi, being conservative in my assumptions. https://www.restaurantdive.com/news/burgerfi-to-merge-with-blank-check-investor-go-public/579399/ In 2019 BurgerFi had a revenue of about 150 million. Usually in the restaurant business the profit margin is between 20-25%. So 30 to 37 million in profits. Let's be conservative and say 30 million profit, of which 15 million will go to the public shares. (The 51% share). And assume a conservative PE ratio of 20 that brings us to a valuation of 300 million. That market cap would bring $OPES to 38$ a share. Anyone else done some number crunching?
What would be the price target for this stock after the BurgerFi merger?
$30
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