Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Saturday, March 25, 2006
Tim Horton's (NYSE:THI) Manic Depressive Sugar Mania
Tim Horton’s (NYSE:THI) has a manic-depressive quality about it. Well established and loved in Canada, Tim’s has limited US exposure. Wendy’s could/should have rolled out the concept is electing to sell. Wendy’s understands the big US market and is going short. The market is going long on a major sugar high. Remember the food business is tricky with many busted dreams. Funds sourced by the IPO are being used to repay debt to Wendy’s. Watch for a series of very positive corporate noise machine announcements about menu and whatnot to keep the pump primed for further offerings.