More nonsense.....the stock has been weak for weeks...vastly underperforming YUM which sported the same eps projection....the earnings miss is based on temporary factors and was already in the stock...that is why the stock is not down very much today. We have a very high quality growth company...they even expense their options...at an historically cheap price (13X 05 eps) in an environement where the bond fetch has just cracked below 4 percent....WEN stock is a steal here. Short and negative talk coming out today is typical and nonsense.
I couldn't agree more. WEN is a bargain at these levels, although I wouldn't be surprised to see it trend 2 or 3 bucks lower before it makes a major move up. Anyway, $33 and change is just too tempting, so I've been a buyer today, and I'll get more if it drops further. The last half of 2004 may be a little rough for wendys, but next year, they'll benefit from lower beef prices, a few new products I'm sure, and hopefully an improved profit picture from baja. Anyone selling at these prices is guilty of short term thinking, not to mention that the bad news is already in the stock price. But if they want to keep selling, that's fine with me as I'd be happy to get some shares at even lower prices