I love pizza about as much as I love penny stocks but Unique Pizza & Subs Corp. (OTC PINK: UPZS.PK) is absolutely off the charts so far this morning. Trading at 0.20 (up 85%) as of 10:10am, UPZS seems to have the oven on full blast cooking this stock up to trading at levels which makes one wonder who is in the kitchen.
With what little financial information of substance there is on this pink sheets trading stock, customer reviews from their restaurant spread out across the country have great things to say. With a share float of 15.94 Million, 33% which has already traded in the first 40 mins today, makes one ask the question as to whether the chicken on the buffalo chicken pizza is cooked all the way through or if its still pink inside.
Based out of Trafford, Pennsylvania, a town with a population of 3,174 as of the 2010 census which they do not have a restaurant in but 3 others within Pennsylvania, UPZS announced, in a press release on Friday, a letter of intent signed to purchase a Boca Raton, FL based pizza franchise. Excellent news for the company. This just one day after announcing a franchise agreement with Henry Kassab of Unique Pizza of Michigan LLC.
Dominos Pizza and Papa Johns lead the long list of pizza focused food industry players in the industry worth $35 billion, but UPZS is a sit down style pizza restaurant.
Reviews and shared images on the net of Unique Pizza & Subs stores in various U.S. locations show that the sports bar image is much more the type of business they run than it is the computerized and precisely measured ingredients corporate style pizza you get form the national chains.
Investors running wild in the early hour of trading on UPZS have had their slice so be cautious that there is still some pizza left towards the end of the trading day on this penny stock and that you don’t suffer any heartburn tonight.