127 documents showing 121–127
Wendy's International WEN
Wendy's is 93% a brand-royalty and real-estate business masquerading as a restaurant chain
N5
V3
C3
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Whole Foods Market, Inc. WFMI
N1
V1
C1
Borders Group, Inc. BGP
Book superstore industry is misunderstood — Amazon risk is exaggerated and superstores have gained share
N4
V3
C3
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⇌
McDonald's Corporation MCD
McDonald's is fundamentally not a restaurant company — 78-86% of EBITDA comes from Brand McDonald's
N4
V3
C3
⌂
◫
⇌
McDonald's Corporation MCD
McDonald's real estate is worth ~$46bn, ~94% of enterprise value, but trades like a restaurant stock
N5
V4
C3
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⇌
Kao Corporation 4452 JT
Kao's iconic cosmetics brands are underutilized by passive management; prioritizing international growth, hiring a global CMO, and refreshing the board unlock JPY10,000/share — a 76% upside.
N3
V2
C1
⇌
Kao Corporation 4452.JP
Kao, a 'sleeping giant' of premium FMCG brands hamstrung by a management allergic to growth, should refocus globally and rebuild the board, unlocking 76-97% upside.
N5
V4
C4
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Date
Fund
Target
Thesis
Scores
2008-05-21
Pershing Square
Wendy's International
WEN
Wendy's is 93% a brand-royalty and real-estate business masquerading as a restaurant chain
N5
V3
2007-08-02
JANA Partners
Whole Foods Market, Inc.
WFMI
regulatory filing
N1
V1
2006-11-09
Pershing Square
Borders Group, Inc.
BGP
Book superstore industry is misunderstood — Amazon risk is exaggerated and superstores have gained share
N4
V3
2006-01-18
Pershing Square
McDonald's Corporation
MCD
McDonald's is fundamentally not a restaurant company — 78-86% of EBITDA comes from Brand McDonald's
N4
V3
2005-11-15
Pershing Square
McDonald's Corporation
MCD
McDonald's real estate is worth ~$46bn, ~94% of enterprise value, but trades like a restaurant stock
N5
V4
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Oasis Management
Kao Corporation
4452 JT
Kao's iconic cosmetics brands are underutilized by passive management; prioritizing international growth, hiring a global CMO, and refreshing the board unlock JPY10,000/share — a 76% upside.
N3
V2
—
Oasis Management
Kao Corporation
4452.JP
Kao, a 'sleeping giant' of premium FMCG brands hamstrung by a management allergic to growth, should refocus globally and rebuild the board, unlocking 76-97% upside.
N5
V4