My point about ancient history more refers to the unhinged debt funded growth of prior management. It was totally out of control.
That franchisees from the era still operate poorly presented stores is a legacy from that time that I agree needs to be addressed.
That Beefys presented itself in late 2023 and was seen as a suitable tightly run group suitable to the growth aspirations of current management is, in my opinion, a step forward rather than a repeat of past sins.
We'll all know in time where this goes.
On an unrelated matter, I think that many of the posters on HC could individually and collectively write a magnificent book on their best and worst investment outcomes over the decades. Believe me, I have had more than my fair share of gut wrenching losers.All my own fault. That is the way cards are dealt.
I remain quite bullish on RFG and its future cash flows following its recent acquisition in cash/equity. However, I am mindful running a listed company with its layers of overheads is quite different from the private family business Beefys once was..
RFG Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held
(20min delay)
