Quote Originally Posted by IAK View Post
Hope they don't go under, best burgers and fries in NZ. Disclaimer never been to fergburgers.
Even if they make the best burgers and fries that still doesn’t make them immune to the reality that they need to make a decent return. The IPO prospectus was full of hype (benchmarking themselves as having aspirations to being a world leading QSR brand) and thin on forecasts.

The governance over the years being lacklustre and lots of touting of overseas expansion: Australia (nah didn’t work), Mid East (ok for a while but not really) and then into the USA where they have drowned in a sea of mid market offerings after their onshore partner decided to do something else.

They might do okay during the recession - so long as they manage the balance between value and profitability - but for a long time their credibility around expansion prospects into other markets looks a bit like their prospectus - glossy, colourful and lacking substance.

Happy to be proved wrong but a lot of funds have been tossed at chasing rainbows to date.