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Profile - Meritage Hospitality (AMEX:MHG)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | SEC | Msgs | Insider | Financials
Location
1971 East Beltine Ave, Suite 200
Grand Rapids, MI 49525
Phone: (616) 776-2600
Fax: (616) 776-2776
Employees (last reported count): 250
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Free Annual Report
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Restaurants
Related Links
 ·Search Yahoo! for related links...
Ownership
·Insider and 5%+ Owners: 50%
·Over the last 6 months:
 · 13 insider buys; 39.0K shares (1.5% of insider shares)
·Institutional: 6% (12% of float)
(3 institutions)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Meritage Hospitality Group, Inc. is the United States' only publicly traded "Wendy's Old Fashioned Hamburgers" restaurant franchisee. The Company serves more than six million customers annually through its operation of 33 Wendy's restaurants in Western and Southern Michigan. All restaurants are operated pursuant to franchise agreements with Wendy's International, Inc., the franchisor of the nationally recognized quick-service restaurant system that operates under the "Wendy's" brand name.
More from Market Guide: Expanded Business Description

Financial Summary
MHG is engaged in the quick-service restaurant business through its operation of 29 ``Wendy's Old Fashioned Hamburgers'' restaurants in western and southern Michigan. For the six months ended 5/31/01, revenues rose 15% to $17.6 million. Net income applicable to Common totaled $88 million vs. a loss of $346 thousand. Revenues reflect the opening of new restaurants. Net income also reflects the inclusion of a $460 thousand gain on the sale of impaired assets.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Robert Schermer, Sr., 65
Chairman of Directors
--  
Robert Schermer, Jr., 42
CEO, Director
$137K
Robert Riley, 53
Pres
--  
Pauline Krywanski, 40
CFO, VP-Fin., Treasurer
109K
James Saalfeld, 33
VP, Sec., Gen. Counsel
99K
Dollar amounts are as of 30-Nov-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- AMEX:MHGAs of 31-Aug-2001
Price and Volume
52-Week Low
on 22-Dec-2000
$1.813
Recent Price$2.35 
52-Week High
on 27-Mar-2001
$2.50 
Daily Volume (3-month avg)1,455 
Daily Volume (10-day avg)0 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y]
52-Week Change+25.3%
52-Week Change
relative to S&P500
+68.1%
Share-Related Items
Market Capitalization$12.7M
Shares Outstanding5.39M
Float2.70M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$1.12 
Earnings (ttm)-$0.21 
Earnings (mrq)$0.09 
Sales (ttm)$6.83 
Cash (mrq)$0.41 
Valuation Ratios
Price/Book (mrq)2.09 
Price/EarningsN/A 
Price/Sales (ttm)0.34 
Income Statements
Sales (ttm)$35.3M
EBITDA (ttm)$2.07M
Income available to common (ttm)-$953.0K
Profitability
Profit Margin (ttm)-2.6%
Operating Margin (ttm)0.9%
Fiscal Year
Fiscal Year EndsNov 30
Most recent quarter31-May-2001
Management Effectiveness
Return on Assets (ttm)-3.33%
Return on Equity (ttm)-17.56%
Financial Strength
Current Ratio (mrq)0.78 
Debt/Equity (mrq)2.97 
Total Cash (mrq)$2.22M
Short Interest
As of 8-June-2000
Shares Short0 
Shares Short
(Prior Month)
0 
Daily Volume2,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 31-May-2001)

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