◆ Contrarian Corpus
Campaigns / Pershing Square → Wendy's International
Pershing Square vs. Wendy's International

Wendy's International · WEN

1 deck published between 2008-05-21 and 2008-05-21 — 31 pages, 31 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2008-05-21 initial thesis

    2008 05 Pershing Square Wendys Presentation May 2008

    31pp · conference_presentation

    Wendy's is fundamentally a franchise + real estate business trading at a peer-gap discount; the Triarc merger and OpCo turnaround unlock 75-85% upside to $49-$52.