Carrols Restaurant Group (TAST), the largest franchisee of Burger King (BKW) restaurants, is in the middle of a major expansion after acquiring 278 locations from Burger King last year. The company has a strong management team in place, and I expect that TAST will improve productivity on the units they acquired. The big question is Does it really matter? I am not recommending a short or sale of the company, but I would like to provide a different view for investors to think about: Even if the company is successful with the acquisition, the returns available as compared to other names in the restaurant industry don't justify an investment at this current time.
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