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Luka 🦉's avatar
$106.6MFollowers
How many of these you own in your portfolio?
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Edmund Simms's avatar
Edmund Simms
@valuabl4d
I don't own any of these. But there are some fabulous businesses in there.
Joey Hirendernath's avatar
Joey Hirendernath
@joeyhirendernath3d
Currently own $SBUX however $MCD and $CMG are on my watchlist
Jazzi Young's avatar
Jazzi Young
@jazziyoung3d
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.
Dave Ahern's avatar
Dave Ahern
@ifb_podcast3d
Only DQ, thru Uncle Warren $BRKB. But like @valuabl mentioned, a lot great biz here including $SBUX and Chick-Fil-A.
Alex Biestek's avatar
Alex Biestek
@acb1233d
Antaszruc
@atnaszurc3d
0
Jazzi Young's avatar
Jazzi Young
@jazziyoung3d
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.
Rihard Jarc's avatar
Rihard Jarc
@rihardjarc2d
Had no idea there are more Subways than $SBUX or $MCD in the US.
Luka 🦉's avatar
$106.6MFollowers
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