InvestorsHub Logo
Followers 6
Posts 827
Boards Moderated 0
Alias Born 05/20/2016

Re: CrazyKar123 post# 4740

Thursday, 01/02/2020 10:40:22 AM

Thursday, January 02, 2020 10:40:22 AM

Post# of 22642
Yup - Tim Hortons (which was owned by Wendy's before a spinoff and sale to Burger King) had a footprint in Canada that Burger King wanted, it also allowed Burger King to headquarter in Canada as a tax inversion deal, had over $6.5B in sales, 4,500 restaurants, a 50 year old dominant (#1 quick service in Canada by a large margin) brand was profitable with half a billion of net income in the year before the buyout and forecasted to make over $2B in free cash flow over the next 3 years, almost 100% franchisee operated. WCVC has none of these advantages - it is just a small debt-ridden money losing (and not due to start-up costs - it loses money on an OPERATING basis which they explain in their own financials is due to having high labor and ingredient costs) mexican restaurant, burger and pizza operator.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.