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alexbh2285

01/02/20 10:40 AM

#4786 RE: CrazyKar123 #4740

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.