Q: The quarterly report today obviously surprised the market and the stock is down strongly. Mngmt blames it primarily on (beef) inflation. I'm having trouble thinking of what catalyst(s) could move it to the upside, so I'm thinking of selling it.
Do you think the dividend is at risk going forward? Do you think earnings/free cash flow will increase? What do you think of the report?
Do you think the dividend is at risk going forward? Do you think earnings/free cash flow will increase? What do you think of the report?
5i Research Answer:
We wouldn't be too concerned with the dividend given operating cash flows at QSR.
The company...