RE: SHOULD WE START SHORTING NOW??I got in on the IPO at $27 Cdn but bailed out. The reason I bailed was the fact that they raised the IPO from 21-22 to 27 Cdn. They only have like 270 stores in the US. Which I understand that are they are just breaking even now.
The question is why are they so good in Canada but are having a difficult time breaking the US.
My friend say because the American don't like non US companies. I didn't get it because Wendys which is US was running them.
Jim Crammer says there is too much competition in the states for them.
Does anybody have any theories on this?
How much more can they grow in Canada? They are pretty much saturated except for two provinces. The US is the only place to grow and is the key to growth in my humble opinion.
MM