Grant Takes On Wendy’s Financial EngineeringRupert Hargreaves
Over the past five years, the average forward price-earnings multiple of restaurant stocks stood at 16, today, that multiple has expanded to 26. The June 26, 2015, issue of Grant’s lays out the bear case for restaurant stocks, Wendy's in particular.
Wendy's: High valuation
Grant’s points out that there have been several reasons why the market has become more positive on restaurant stocks over the past few years. Most recently, falling . . .
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