Wendy's Looks Reasonable Value After A So-So Year

Bruce Bennett This has been a frustrating year for The Wendy's Company (NASDAQ:WEN). Shares of the burger chain franchisor have fallen around 5% in that time including dividends, underperforming peer McDonald's (MCD) by over 18ppt amid relatively soft comps. With that leaving Wendy's on a fairly modest multiple of free cash flow and sporting an attractive 5% dividend yield, I think these shares offer just enough value to entice investors, and I open on the stock with a Buy rating. Source: Seeking Alpha  ...