I sold all my Wendy's (WEN) shares pre-market today. While I still believe it's a strong company with promising developments, such as the recent collaboration with Netflix's popular show Wednesday, I decided to sell due to the sharp price surge. I'm open to re-entering at a lower price if the opportunity arises in the future.
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- Astrid Stephen·07-24TOPWendy's consistently makes between $180 million - $300 million net cash profits / free cash flow per year. They have little to no debt on the balance sheet, and Wendy's is a mature stage businessLikeReport
- Reg Ford·07-24Like with any over sold stock patience gets rewarded. I will keep nibbling away below 10.5 and take the 5% div. This is most likely above 12$ within next year. Good luck to all the Frosty lovers.LikeReport
- Mortimer Arthur·07-24For the long-term investors, this looks like a good company to me at $2 billion valuation.LikeReport
- Valerie Archibald·07-24Becoming meme stock or not, Wendy's organically without any pumping has a good 35%+ upside..... jump on it before their earnings call in AugustLikeReport
- Norton Rebecca·07-24one good earnings and new ceo and this goes big! Everyone loves a good comeback story and squeezing hedge funds! Let’s go!LikeReport
- DeltaDrift·07-23Buy low sell high[Miser]LikeReport
- quixzi·07-23Smart moveLikeReport