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Non-Tech : wendy's
WEN 8.410-0.2%Jan 23 9:30 AM EST

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To: TheSlowLane who wrote (55)8/6/1998 1:54:00 PM
From: Demetre Deliyanakis  Read Replies (1) of 91
 
I am a shareholder of Wendy's. I think the stock is undervalued relative to earnings and the competition. The Tim Horton's acquisition is a brilliant move in the long run. I live in Toronto and can personally attest to the popularity of Tim Horton's. Same store sales at Tim Horton's (TH) are rising at about a 10% rate.

Wendy's is also building restaurants which have a Tim Horton's and Wendy's together. The dual brand restaurants are a good idea. It saves on costs and keeps the restaurant full throughout the day. Wendy's has built a few TH's in Buffalo recently. They seem to be doing quite well.

I think WEN should try and offer more TH breakfast products at their WEN locations. TH muffins, coffee, and bagels are excellent quality.

I agree that the stock's performance has been lousy compared to MCD this year,but eventually the investment community will wake up.

However, MCD's stock was in the doghouse last year at around $43

This year it has recovered to about $65.

I would not be shocked if WEN did the same in the fall, since EPS comparisons will be more favourable.

The stock by my calculations is worth about $28.

I have a question for all the Americans:

Do Americans like to have doughnuts,coffee and muffins for breakfast?

TH also has great quality bagels.

Please feel free to respond to my comments .
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