between the share repurchases and dividend we are looking at a 14% return. if they can sort out the declining sales, this stock could take off. $7 would be too low for a takeover. 8-9 seems more like it.
WEN, despite the small loss, price didn't go <4.25.
Implication the takeunder price still on the rumor table, but now lowered, whomever is the ghost buyer. Just like buying a home, you try to get the lowest price; why pay 90% more, when you can get it at a bargain.
$5.50 - $5.75 is more like the ballpark figure to satisfy most shareholders. Maybe by the end of 12/31/2011.
Sad to see an icon company go down the tubes. But not the first with Sears, JC Penny, Kmart.