RE:RE:Now the bad newsHave more than 90+% of A&W's restaurants all of a sudden disappeared from existance? No they haven't.
Yes, approx. 200 restaurants have closed down, and those still operating have seen their demand signficantly reduced. But this has all been caused by a temporary event - 3-6 months by professional estimates - that will eventually subside. When things go back to normal, these restaurants will resume their operations, continuing to contribute to this company's royalty stream, and dividend payouts. The suspension in my view was prudent to shore up their balance sheet, as most companies are doing now.
To say that this company is worth nothing is naive and just plain fear mongering. They own the licence and patents for the brand, have a great management team, and an appealing menu that people will continue to go to when this is all over.
If Ive noticed one thing during this quarentine, is that people hate/ can't cook for themselves; they prefer to eat out. And restaurants like A&W, that's been performing well before this whole COVID mess, will continue to do so when this is all over.
Your comments, again, are poor in judgment, and I hope your short positions fail long term.