Overvalued at current financial commitments at this level again. It was a big surprise pump yesterday - seems that a someone was pushing the stock high so they could short it from insane levels. But the short interest has increased dramatically today - looking at a slow, gradual drop through to May options price at around $4.50.
Wendys has an excellent product - but they have issues competing in the breakfast arena and increasing the per-store revenue to anything close to their competitors. Wendy's will continue this pattern for the next couple of years - until they finally create something that encourages more customers per store. Their burgers are good, the frostys are excellent - fries are "different" - which isn't a bad thing. But no breakfast, and no where near the selection that MCD has.
"It was a big surprise pump yesterday - seems that a someone was pushing the stock high so they could short it from insane levels"
Someone associated with Morgan Stanley imo. Won't see $4.50 again but wouldn't be surprised to see it steadily go lower to $5.00. Retail buyers like us here don't stand a chance against these hedge hogs. The way to do it is invest a core position and trade it at the same time. Buy and hold only doesn't work anymore.