RBD - Restaurant Brands

[Snoopy]

Down 8% since profit announcement

I can see this going down to the mid 700s in next month or so

$7.50/33.8 = 22.1

A PE of 22 is still a good growth premium. But if the Taco Bell rebuilds in Hawaii go as well as the KFC rebuilds did in NZ, and more scale can be obtained from the KFC operation in NSW, then who knows? KFC in NZ now trying a new 'motorway stop' branch. The KFC 'dine in experience', free of pesky motorised customers, is going from Auckland to other NZ cities. Lots of incremental opportunities here. The big question is, what will Global Valar bring to the business?

Russel gave an interview on RNZ this morning that hinted at not needing new capital. I thought that was a bit odd considering security of access to new capital was mentioned as a driving force to accept the partial takeover.

RBD still in the NZX50 index I think, but not for much longer? I wonder when the index funds will be forced to sell out? That might be the top up buying opportunity that some on this thread are looking for?

SNOOPY