Yum! Brands (NYSE:
YUM)
has stumbled into a perfect storm in China. Concerns about contaminated
chicken at what is still a relatively expensive dining option have sent
Chinese same-store sales plunging, robbing the company of its primary
growth driver. The company has reset expectations significantly lower
for 2013, and now the question is just how quickly (and perhaps "if")
the company can put this stumble behind it. In the meantime, investors
are looking at the nearest thing to a bargain in the shares as they are
likely to see.
Read more here:
http://www.investopedia.com/stock-analysis/2013/Yum-Brands-Still-Has-Indigestion-But-Investors-Have-An-Opportunity-YUM-MCD-SBUX-MKC0207.aspx
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