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One note about Morton's:
Apr 25 19:14 pm
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All Comments by Egg »Morton's and Ruth's Chris: Eat a Steak, Take a Stake for Juicy Profits [View article]
When it was purchased for 74M, Harlan also assumed 100M in debt bringing the total enterprise purchase price to ~174M.
Today MRT's market cap is 134M + 47M in debt = 181M.
So MRT is at approximately the same price...and if you factor in the fact that revenue has grown from 250M to 350M, you can argue Morton's is cheaper today.
Comparing the two, I would choose Morton's myself mainly because Ruth made a very expensive debt purchase last year near the peak.