Opinions
Michael Hakes - CFA, MBA
TH International
THCH-Q
PAST TOP PICK
Jan 16, 2024
N/A
Stock price when the opinion was issued
Consumer Products
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This is Tim Horton's China. He has a 5-year time horizon in this, so don't sell it now. There were 600 Timmys in China last year, and 1,000 now. Are spending all their money on store growth so aren't profitable. They've 10 Popeyes in Shanghai, too. The overall China market has been weak. But they will execute in coming years and drive traffic to locations. Pessimism over China has driven down this stock.