Q: Hi,
What entry point would you be comfortable with as it relates to the new A&W food services company. And would you expect pressure on the SP once the hold period on insiders expires?
What entry point would you be comfortable with as it relates to the new A&W food services company. And would you expect pressure on the SP once the hold period on insiders expires?
5i Research Answer:
We would expect 'a bit' of pressure but lower rates and same-store growth will still likely be bigger drivers of stock moves. Considering the recent corporate activity, we would be comfortable at $36.50 to $37.25.