Mr. Ackman's funds first purchased QSR in Q4 2024. He owns 23M shares or 7.02% of the company. Certainly he is not buying to lose money, and we would expect him to exert some pressure at some point if stock performance does not improve. He has patience, but not an unlimited amount. We think it has potential, and may be undervalued. It does need to execute better, and it is a tough environment for the sector right now. Debt is high, but earnings growth (forecasted) does look good. We are fairly comfortable with the stock and do think that long term investors will be rewarded here.
5i Research Answer: