China stunk, but Taco bell did very well. first principle in investing have a diverse portfolio. YUM is still a short but certainly met it's expectations with a diverse portfolio of companies.
I can no longer understand the gyrations in this stock, nor do I trust the information being served to the public by the company. I wish everyone luck with YUM but for me, I need to step back and let time recalibrate my compass.
I'm just concerned about the valuation. It is a well run company that takes on challenges head on, but with a p/e near 20 I wonder how much upside there is.
buy low, sell high.
this is todays market. traders will crush you longs.
The reason for the high p/e is that investors are looking at the potential not current value.