Buying Guzman’s shares is nacho best idea

A popular chain of Mexican takeaway restaurants in Australia is going public. But value investors should stay away. Here’s why.

It's been a quiet year for Australian companies going public. So far, just 26 firms have had an initial public offering (IPO) of shares. Last year was quiet, too. There were only 32 IPOs, the smallest number in over two decades. However, Guzman Y Gomez, an Aussie chain of Mexican takeaway joints, has decided to spice things up. Last week, the company an…