I really enjoyed this post! Agreed it’s far from certain on the turn around. A large franchisee filing bankruptcy to restructure is a bad sign but also not all that surprising. Also another call out, the FED increasing rates is a major issue for Wendy’s as they will need to refinance their debt in a couple of years and operationally they don’t have much wiggle room.

I sold off some of my position when the stock surged on the Nelson Peltz buyout rumors.