Ignite Restaurant Group Inc – $IRG – Confident Investor Rating: Poor

Company name Ignite Restaurant Group Inc
Stock ticker IRG
Live stock price [stckqut]IRG[/stckqut]
Confident Investor Rating Poor

The following company description is from Google Finance: http://www.google.com/finance?q=irg

Ignite Restaurant Group, Inc. operates two restaurant brands, Joe's Crab Shack (Joe's) and Brick House Tavern + Tap (Brick House). The Company’s Joe's Crab Shack and Brick House Tavern + Tap operate in a diverse set of markets across the United States. Joe's Crab Shack is a national chain of casual seafood restaurants serving a variety of seafood items, with an emphasis on crab. Brick House Tavern + Tap is a casual restaurant brand that provides guests a gastro pub experience by offering a blend of menu items. As of December 31, 2012, the Company owned and operated 144 restaurants in 33 states. In September 2013, Ignite Restaurant Group Inc announced the opening of its newest Joe's Crab Shack restaurant, located in Newark, New Jersey.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in Ignite Restaurant Group Inc. It is not possible to confidently invest in a company that is not currently profitable.
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