Read that too! That along with strong buy from Cramer to Zacks along with it's track record of earnings beats & the fact that its in oversold territory not to mention the huge insider buying last week is encouraging. McD's missed and it's on it's way up - so Wendy's may miss, meet Or beat next week, time will tell. And for the fortune teller who likes to make a daily post of how it's gonna miss ( you know who you are ) you have a 50/50 chance of being right, that's it! So, I'm gonna predict that you will be wrong in your prediction, which leaves me with the same 50/50 chance of being right!
MCD has a P/E of 18 and WEN is 75. There are a lot of things already priced into WEN. The closing of restaurants in NM, AZ, HI and the Los Angeles area of CA will disappoint revenue on 8 Mays reporting date. We're down before we're up.