Meritage Hospitali (OTCQX:MHGU)

Thursday, May 18, 2017

Research

MHGU ($16.90) announced the acquisition of 57 Wendy’s restaurants located in Arkansas, Missouri, Mississippi and Tennessee.  We believe this closes the remainder of the 69 Wendy’s locations originally announced on February 9, 2017.  Management re-stated its 2017 outlook and added A GOAL TO INCREASE ITS common stock dividend  growth by  30% to 40%.  The initial outlook that management provided on May 16, 2017 stated guidance assumes completion of pending 57 restaurant acquisition.