The quality at WEN is far better than their other two big competitors. But they need to expand the menu and not pull things off that people have come in to buy and like.
WEN is a slow learner ! Watched yesterday a group of teens come in to buy the pulled pork sandwich. When told it was discontinued they all walked out. Great way to #$%$ of your clients. WEN should be adding steak,chicken to pulled pork and offer wraps or burritos with a choice of sauces to compete with Chipotle. The idea of bringing something on for a short time that people really like then pulling it to maybe add something else just #$%$es people off. Add something new but don't remove something that is working.
If the Saudi's said they were cutting 2 million bls a day on 1/1/15 if Brent was below 95 it would be there within weeks of the year end. They could sell 20% less oil at 95 and it would be pretty equal to selling 100% at 78. For that reason I think the oil price has a strong geopolitical influence on it now.
Insiders are selling again. Now Zacks has a buy on this today so you know if your long your in trouble because Zacks is always dead wrong !
But it is always screw the existing shareholders. Tim Seymour on Fast Money said a week ago or more said to get out of LOCO as it was grossly over valued. Should have taken his advice rather than get screwed by insiders getting out.
I #$%$m long LOCO #$%$nd like it long term. But Z#$%$ck's is #$%$ joke I used their recommend#$%$tion in July on two strong buy oil comp#$%$nies who dropped 40%.
China has had record oil shipments in October/November from the Mid East. Perhaps, they believe prices will be higher next year and are loading up. Tanker companies with routes to China are booked out solidly.
I like Dennis Gartman personally for his humility but many of his calls long/short are just wrong and poorly timed.