Les petits princes
We tallied up the likes of Yum! Brands, Inc., (NYSE:YUM), Starbucks Corp. (NASDAQ: SBUX), Darden Restaurants, Inc., (NYSE: DRI), Chipotle Mexican Grill, Inc. (NYSE: CMG), Tim Horton’s Inc. (NYSE: THI), Wendy’s/Arby’s Group, Inc. (NYSE: WEN), Burger King Holdings Inc. (NYSE: BKC), Panera Bread Co. (NASDAQ: PNRA), Brinker International Inc. (NASDAQ: EAT), Jack in the Box Inc. (NASDAQ: JACK), Buffalo Wild Wings Inc. (NASDAQ: BWLD), Papa John’s International Inc. (NASDAQ: PZZA), Sonic Corp. (NASDAQ: SONC), and Domino’s Pizza (NYSE: DPZ).
And there are more than twice as many public restaurant and dining companies not reviewed for the restaurant chain tally and more which we showed in the chart of the restaurant and dining stocks. As far as the restaurant counts? That is not even close either. The above named restaurant chains have a combined tally of about 110,000 stores versus the 32,000+ from McDonald’s. Not even close, at least when you consider the nominal figure. This is one of those extraordinary moments in time where there almost exists the world’s greatest investment conundrum…. A value trap against its universe of peers, yet a value trap that still manages to represent growth a reasonable price