Goldman came out with a note after earnings saying that same-store sales came in well below Goldman's estimates of +4%. They also said they were mystified as to how same-store sales could be so low when the pretzel burger rollout should have boosted sales tremendously. Then when Cramer asked the CEO to respond to Goldman's concerns on Mad Money, he dodged the question. He only wanted to talk about the brioche bun on their new hamburger promo. I'm sorry, but that's not how you win over investors. Especially the caliber of Goldman Sachs.
I loaded up more positions yesterday with WEN. Sales up, profit margin up, cash flow up, EPS up, etc. Basically better than solid performance with continued positive growth. Did you actually go read and spent the good 1 hour listening to the live report yesterday. Probably not because you are a gambler. WEN has a lot of room to grow and I'm in it for the long run. I'm up 80%+ as of today. How's your batting average taking wild swings at the wild rides of any stock investment. It's been smooth sailing for me and I can sleep soundly at night. Looking forward to 2014 with WEN sailing into the above $10+ territory.
You mean Goldman Sucks? The biggest crooks on the street? Those guys?
Look, Wendy's is a multi-year story with store transformation, franchising and quality products driving healthy EPS growth for the foreseeable future. If you're too stupid to get that or are a short db, enjoy the ride up to mid-teens within a year. My guess is that you are an overpaid, undereducated maggot who gets paid to scare shareholders out of good stocks so that you can accumulate on the down low. Your bit is as old as dirt.