Simple answer....Hell NO! Arby's is a disaster with a terrible product. WEN has basically given up on it and it is probably worthless. Someone might make a go of it but it would only divert JACK from a real turnaround. The better move is for YUM to buy JACK before JACK spins off Qdoba. This would give YUM its first real scalable entree into burgers and more.
Hey Moishe baby, I have been calling for this for over a year now. YUM is a natural to take over JACK and expand the two concepts worldwide. And it could be done on a stock swap with no taxes paid. Funny how we can see this so clearly, and it apparently does not occur to YUM management or any rainmaker out there. Carl Ichan should also be informed of this potential. He gets involved and would triple the buyback program and spinoff Qdoba immediately. But YUM has to act first. They must be inefficient operators to ignore this potential sitting right in front of their eyes. Think what they could do with Qdoba alone, on an international scale before Chipotle gets out of bed in the morning. I just hope someone gets to YUM and insists on this kind of initiative. Surely one of their major holders has the guts to confront them about such an opportunity.
They do not have to do this because paying a premium for existing locations. Plenty of cheap real estate available to build, especially Qdoba units, which have a higher return on investment. Qdoba spinoff could happen by year end.