Cramer on CNBC’s Mad Money also came out in favor of YUM! Brands (NYSE:YUM) tonight. He said it is one you buy every time it pulls back. The growth from China is huge, and the company serves up the right menu at the right price. Cramer is a fan of all Taco Bell, KFC, and Pizza Hut.
David Novak, Chairman & CEO, came on for a quick interview. He was bullish of course, but not unrealistically. He said the company does have to deal with food inflation. The major factor for the company is its international growth as it is opening a store per day in China.
Here are some more tid-bits investors should consider:
- We said the franchisee rat infestation would pass as a great buying opportunity. It was.
- We have noted this as a second-line defensive stock, and it really is; maybe it is a growth stock AND a defensive stock.
- They have NO NEED to buy Wendy’s (NYSE:WEN) and they won’t.
YUM! closed down 0.6% today at $34.03, but its adjusted year high after a split is $35.05 and the low is $25.85. Its market cap is now just under $18 Billion.
Jon C. Ogg
September 20, 2007
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