Khaleef Dayyan memang viral!


KUALA LUMPUR: Ungkapan ‘Ini memang viral’ yang sering disebut anaknya, Khaleef Dayyan mencetuskan idea kepada penyanyi, Black untuk berkongsi pelbagai video yang memaparkan gelagat cahaya matanya itu di laman sosial, Black atau nama sebenarnya, Hanifah Md Hanafiah, 32, berkata, dia menerima maklum balas positif peminat apabila memuat naik video ragam anak lelakinya sejak empat bulan lalu, malah mereka menyifatkan Dayyan sebagai lucu dan berbakat. Wendy's: A Good Bet for Long-Term Growth? By Dan Moskowitz SHARE Would you pay $4 for four items at fast food chain Wendy's (WEN)? Unlike most other promotions in the industry, this deal includes a beverage. The promotions at other places are devised to get consumers in the door, where the chains will try and upsell them with a higher-margin beverage. Wendy’s is offering a more expensive deal that offers an actual meal: four nuggets, Jr. Bacon Cheeseburger, fries and a drink. Even if you’re not Wendy’s target consumer, this promotion is driving traffic to its restaurants. However, this isn’t the only reason Wendy’s has been successful of late. And it’s not the only reason Wendy’s has been outperforming peers. (For related reading, see: Wendy's Experiments With Antibiotic-Free Chicken.) All numbers below as of Nov. 25, 2015. Its Image Change Wendy’s launched its Image Activation program back in 2013, which primarily pertains to restaurant redesigns as well as operational execution. This new image is more modern and comfortable. While these two factors might not seem as though they mean much, they have been the real driving forces for the recent reemergence of Wendy’s. Today’s consumer is not just cost-conscious, it wants value — as in quality for a low price. This doesn’t just pertain to food, but to atmosphere, too. The effort that Wendy’s has put in to its restaurant locations has paid off. Not only has it allowed the company to steal some share from competitors, but it gives consumers a more pleasant atmosphere option in the quick-service space as well as in the fast-casual space. Long-Term Goals Wendy’s sees long-term growth potential based on brand and economic relevance. In order to drive growth, it’s aiming for core menu improvements, product innovation, continued investment in its Image Activation program, global expansion, use of mobile technology, overall system optimization, and building shareholder value via buybacks and dividends. Wendy’s has returned $1.1 billion to shareholders via buybacks and dividends so far this year. These are very ambitious goals, but it’s possible that they will be met. For 2016, 2017 and 2018, the company expects adjusted EBITDA of 28.30%, 32.34%, and 35%, respectively. By 2020, Wendy’s expects average until volume sales of $2 million, restaurant margin of 20%, restaurant development growth of 1,000, and 60% of all restaurants to be re-imaged. (For related reading, see: Wendy's, McDonald's Renew Focus on Discounting.) On the company's 10-Q, the listed risks going forward are unemployment, economic trends, intense price competition, commodity costs, and weather. To read more into how the overall economic picture will likely impact the company, you should pay attention to the labor force participation rate rather than the country's unemployment rate. However, if Wendy’s continues to offer perceived value, then it might be seen as a ringing choice for cost-conscious consumers in a challenging economic environment. The vast majority of consumers can afford a $4 meal regardless of economic conditions. Commodity costs should remain low. Ignore weather since it’s a temporary event. Wendy’s delivered 3.1% comparable same-store sales — comps — in the third quarter year over year. The good news is that not all re-imaged restaurants qualified for comps. In other words, that number is likely stronger. For 2015, Wendy's expects comps to be in the high end of the previously projected 2% to 2.5% range. This is in addition to the expectation of adjusted EBITDA coming in on the high end of the following range: $385 million to $390 million. Additionally, restaurant operating margin is expected to come in between 17% and 17.5% versus 15.8% in the year-ago quarter. Peer Comparisons The chart below shows how Wendy’s has outperformed its peers over the past year while offering a somewhat generous yield. The performances for Restaurant Brands International Inc. (QSR) and Shake Shack Inc. (SHAK) are year-to-date. Negative stock performances below are in parentheses. 1-Year Stock Performance Dividend Yield Forward P/E Debt-to-Equity Ratio Short Interest WEN 20.53% 2.27% 29 3.41 9.34% McDonald's Corp. (MCD) 18.17% 3.11% 21 2.17 1.43% QSR (6.22%) 1.44% 28 1.33 9.16% Chipotle Mexican Grill, Inc.(CMG) (12.48%) N/A 28 0 4.81% Panera Bread Co. (PNRA) 8.74% N/A 27 0.72 10.43% SHAK (5.27%) N/A 111 0.02 67.35% Notice that Wendy's has outperformed competitors and bigger growth names in fast-casual. Additionally, Wendy’s pays a dividend, whereas those fast-casual names do not. The debt-to-equity ratio is elevated, but Wendy’s is always selling restaurants to franchisees, which will make debt much less of a concern in the future. The Bottom Line If you’re looking for a growth name in restaurants, you may want to consider Wendy’s. It’s definitely possible that WEN would be hit in a bear market — it was certainly hit hard last time. However, today's is a different Wendy’s, and any significant hits to the stock price should be seen as potential buying opportunities — scaling into a position opposed to buying in bulk. The real long-term threat to Wendy’s is competitor innovation. It’s a constantly changing atmosphere in the restaurant space. For now, Wendy's appears to be one of the few long opportunities in a challenging economy and stock market environment. Investors might want to consider remaining patient and begin building a position under $10, but all investment decisions should be based on your own research. (For related reading, see: Who Are McDonald's Main Competitors?) Dan Moskowitz does not have any positions in WEN, MCD, QSR, CMG, PNRA or SHAK. Read more: Wendy's: A Good Bet for Long-Term Growth? | Investopedia https://www.investopedia.com/articles/investing/120215/wendys-good-bet-longterm-growth.asp#ixzz5RZ20oG5f Follow us: Investopedia on Facebook

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