I see Grande Parade brought out their results this morning.
If I recall correctly there was a debate on whether to invest in this counter or not.
My view was that it was not the best counter to invest in if compared to Taste. Both are suffering from expansion "growing pains" with the launch of their recently acquired franchises, both are going to spend mega bucks establishing acceptable footprints and acquiring customers. My reflection on the 2 counters was that Adams (GPI) was been more involved in slot machines (is currently negotiating the sale of more slot machines) whereas Gonzaga has been in the food industry forever (some of their brands have stuttered along for years). The point I am making is that this is all new to Adams, but not to Gonzaga so chances are that he will bed down his acquisitions in a shorter time frame and also with less teething problems.
Both are going to be long term plays - I have gone the route of Taste over GPI and have literally warehoused my Taste shares not expecting much over the next 2 - 4 years from them - bought at an averaged price of R 2.95 and they are presently sitting at R 2.41 so taking a knock of +/- R 25,000 but am prepared to wait it out
So just my opinion on the 2 counters
