2024-07-08 14:49:22 ET
Summary
- Consumer sentiment is now weak due to the burden of high interest rates and credit card delinquencies on consumers.
- I see a lot of challenges in the expansion of Popeyes into Europe and the operation of the branch in China.
- On the other hand, in its current state, the company has a stable source of cash flow, which it redistributes to shareholders in the form of dividends and share buybacks.
- The stock is now trading at a fair price according to my Discounted Cash Flow calculation.
Investment Thesis
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For further details see:
Restaurant Brands: Good Buying Opportunity For Dividend And Buyback Lovers, But Not Without Risk