Thursday, January 20, 2011

Wendys Update (WEN)

It looks like one of my picks is finally starting to realize its value. I’m referring to Wendys(WEN), which today announced they are looking to sell off their losing Arby’s chain. This move makes total sense to me, get rid of this losing side of the business and focus on growing the Wendys brand. The stock is up close to 10% today but I think it has a lot more to go. I could easily see $6 a share within the next year to year and a half. You can collect a nice dividend while you wait. Also they are supposed to resume their share buyback program too. Happy Investing. Tony

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