RE:massive sell off
Another possible reason for the recent decline: The BC NDP & Greens just announced a deal to form a government, which had been a possibility since the 9th and was finally confirmed today. The NDP promised to raise the corporate tax rate from 11% to 12%, and A&W is based in BC.
A&W Food Services is a federal corporation, so this should make little or no difference to them. I'm not sure what A&W RRIF's status, or how this might otherwise impact their sales (A&W is a complex beast).
Anyway, the facts don't necessarily matter as much as public perception that this might harm their bottom line... of course.
It might also be that it was just overpriced for the dividend it paid, and the bubble finally burst.