I don't own any of these. But there are some fabulous businesses in there.

Currently own $SBUX however $MCD and $CMG are on my watchlist

$MCD & $SBUX.

Would buy shares in Chick-Fil-A if they weren't privately owned.

More importantly, our favourite fast food places to eat are Arby's, Taco Bell & Whataburger.

Only DQ, thru Uncle Warren $BRKB. But like @valuabl mentioned, a lot great biz here including $SBUX and Chick-Fil-A.

$SBUX $SBUX $SBUX

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I read in the Wall Street Journal today that Panera Bread is going to re-list with an IPO after being delisted in 2017 when private equity firm JAB Holdings bought them. Panera Bread was one of our favourite places for breakfast when founder Ron Shaich was CEO. After JAB Holdings took them over, we did notice a reduction in food quality and higher prices. It was quite expensive compared to competitiors.

Will be interesting to see the detail when they IPO. Our rule when a business is re-listed after private equity has taken them over is to wait 2 years. If, as in this case with JAB Holdings, private equity retains a large shareholding, our rule reduces to a 1 year wait.

In Australia, IPOs offered by private equity companies who have taken over a stock, then later sold out of the business in an IPO to unsuspecting retail investors has almost always been a disaster. They spend a couple of years cost cutting, gutting out the business and stuffing the sales channels to artificially dress up the figures, then the poor unsuspecting retail investor is left holding the bag as the business goes bust.

Not suggesting it will happen in Panera's case, but goodness .... buyer beware.

Had no idea there are more Subways than $SBUX or $MCD in the US.