QSR?

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Thank you for the answer for A&W and MTY. Could you please provide your thought on QSR too?
QSR is not as cheap, but not mentioning the crowd in Tim Hortons, even Burger King and Popeyes seem have more people than A&W. MTY’s nonames has the least people.

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Asked on February 29, 2024 2:31 pm
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QSR is a high quality name in the quick service area. I'd consider it a blue-chip option here in Canada. The company is in the midst of an operational turnaround when it comes to the Tim Hortons segment of the business and its success over the last few years here has resulted in the stock rebounding in a big way.

QSR used to be a Bull List stock here at Premium. However we removed it due to debt concerns with rising rates.

The company has some loft expectations when it comes to future growth. My only concern here now is from a valuation standpoint. The company seems fully valued at this point. and with it trading at 30x its free cash flow, I'd certainly have this one a watch list but I personally wouldn't be pulling the trigger on it at this point.

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Posted by Dan Kent
Answered on March 2, 2024 8:32 am