Really surprised it didn't move the stock price up today. RBC Capital trying to make some noise about the cost of beef, but Wendy's CEO gave an excellent rebuttal that beef is a balanced cost with chicken at around 19%. Not hard to figure out that RBC is one of the many crooks that are short this stock. I wish the CEO would announce a stock buyback or even some mere comments that Wendy's is in talks with YUM, or exploring other shareholder value. Then the shorts would really get burned to the crisp. Patience is a virtue.
Exactly, apparently investors weren't too impressed with our fearless leader eating the frosty on live TV. Why can't he just say we're in talks with YUM or exploring alternatives, or perhaps a stock buyback. Geez, this is really getting frustrating, and I'm suppose to have patience.