Stock Issuance
Today Fiesta Restaurant Group (FRGI) announced that it is issuing $100MM of common stock to buy back some of its most expensive debt.  This is extremely intelligent because the stock is trading at extremely expensive multiples in relation to book, earnings and cash flow.  FRGI owns two incredibly promising quick service restaurants, Pollo Tropical and...
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    7242 East Cortez Rd
    Scottsdale, AZ 85260
    Phone: 805-886-8140
    Fax : 949-335-9784