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I bought 2k at 17.50. This company is in 65 countries, its the 2nd largest burger chain, and has 11,000 stores. The current market cap is only 480m. This stock will at least double in a few weeks. You are crazy not to get in on this one.
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quote:Originally posted by johnnyjai: Hmmm, price seems to high for burger king.
You obviously don't know what you are talking about. Read this most recent PR.
The sale of 25 million shares represented about 19 percent of the company's overall shares, putting the company's value at about $2.25 billion. That compares to biggest burger chain, McDonald's Corp., which has a market value of about $43 billion, while No. 3 Wendy's International Inc. is worth about $7 billion.
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So what they are saying is that the #3 burger chain is valued 3 times higher than the #2, thus making your inane statement void. Do some DD.
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Based on 11,000 chains, which McDonalds has 3 times as much. I would put a fair valuation around 14 billion. That would be 700% higher than current price. Anyway you look at this, it is undervalued. This one goes much higher.
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quote:Originally posted by Dustoff101: [QUOTE]Originally posted by Peaser01: [QB] I'm looking at the chart. What I see is that this should be at or above 18.20 by 2:25 EST.....
------------------------------------------------- EST???????????? So we gotta wait till winter? LOL
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there s a lot behind burger king i read an article on this, it was on business week something about debt.... don t mean to bash just be careful, i don t think it s another chipotle
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Having debt is not a bad thing. It can get excessive in some cases, but usually a good capital structure has more debt than equity (stock sales) because there is a tax benefit to debt and issuance is cheaper.
Chiptole also has a pretty significant working capital deficit. Not saying this is going to $60, but who knows. Sure looks good right now.
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