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(CNN)   Will the A) Bull or B) Bear or C) Crazy Chicken descend on Wall Street this week?   ( divider line
    More: Amusing, IPO, Chipotle Mexican Grill, fast food restaurant chains  
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614 clicks; posted to Business » on 21 Jul 2014 at 4:57 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

9 Comments     (+0 »)
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2014-07-21 02:12:58 PM
2014-07-21 04:16:55 PM

done in 1.  but heck.
2014-07-21 05:06:57 PM  
Who buys IPO stock of a company that hasn't made a profit in the last 3 years?
2014-07-21 05:14:42 PM  
My Fark stock is not for sale.
2014-07-21 06:35:43 PM  
Did Wall Street run out of them?
2014-07-21 09:24:17 PM  
I don't know what Loco is like, but Regio has a tight grip on the Dallas market.
2014-07-21 09:48:30 PM  
The crazy chicken has taken roost on wall street from years
2014-07-21 10:38:11 PM  
This pizza place I worked for a decade ago had a pizza called: 'pollo loco'. Chicken, red onion, broccoli... Was good.

/immediately thought of BB.
2014-07-21 10:55:44 PM  
From TFA: Last year, it generated 80% of its revenue from the greater Los Angeles area.

Hmm, that's a little concerning. But hey, room for growth!

Then this from TFA: It received a significant investment from private equity firm Trimaran Capital Partners in 2009. After the IPO, Trimaran will own about 46% of the outstanding shares. Another private equity firm, Freeman Spogli, will own 26% of El Pollo Loco stock.

So right off the bat, out of the 7 million shares in the IPO, 5,040,000 will be owned by the two private equity firms. I don't have any huge issues with that, investors need to be paid back and all that. But 1,960,000 shares outstanding?

Then there's this little gem: The company plans to use the proceeds from its IPO to pay off part of its $288 million in total debt.

For a regional company with 401 locations, that's a farking crapton of debt.

/the money stays in the sandwich heavy portfolio for now
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