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The Wendy's Company Message Board

  • fastmoneypete fastmoneypete Sep 13, 2010 3:29 PM Flag

    WEN priced for ??????????

    As of last quarter, mgt had written down the value of the real estate holdings to a approximately $1 bil, or $2.40 per share. So if you back out the land value, you own the Wendy's franchise for only $2.25 per share, based on current PPS of $4.65. With 418.28 mil shares outstanding, the market is valuing the entire company at $941 mil, ex-land. Factor in $3.5 bil in revenues, and this company is effectively priced for BK (and I don't mean Burger King)!
    Market efficiency?? NOT!!
    Buying in hand over fist.
    GLTA

 
WEN
10.83+0.06(+0.56%)Sep 23 4:00 PMEDT