Investing 501
Long only, value, special situations, deep value

Carrols Restaurant Group - Biting Off More Than It Can Chew?

One of the points I have constantly tried to emphasize in my articles is "do your own work" and do not rely exclusively on data provided by financial websites. Carrols Restaurant Group (NASDAQ:TAST) is a classic example of how relying on financial website data can cause investors to make significant errors in their analysis. If an investor uses the data provided by websites like Yahoo Finance, Google Finance or Finviz to name a few, he will see that the company has about 23 million shares outstanding. Multiplying the shares outstanding by $4.80 a share would give the company a market capitalization of about $115 million. TAST showed up on a low EV/Sales screen I run on the restaurant...

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