Comments on: Nelson Is Angry: Your Instant 13D Report

By: guest

guest — Wed, 23 Apr 2008 00:09:21 +0000

Contrary to the story that Peter May/Peltz is trying to spin, the Trian offer isn’t in the best interest of shareholders. In fact, Trian’s bid is an insult to shareholders, all one needs to do is to look at Arby’s performance under Trian’s leadership before everyone rushes to conclude that Peltz is a knight in shining armor. Arby’s has had no significant earnings since 2000, same store sales have been flat, and according to Zagat’s 2007 Fast Food Chains survey, Arby’s has “older” and “tired” facilities and “poor” service. To be sure, I don’t think Wendy’s needs this kind of guidance.
Peltz has a pretty poor record on corporate governance. During his proxy fight with Heinz back in 2006, the company responded to his calls for change with this: “Triarc received a corporate governance rating of 21.5, exceeding only 21.5% of all companies in the S&P SmallCap 600 and ranking it in the bottom quartile. Separately, Corporate Library gave Triarc an ‘F’ on overall board effectiveness — the lowest possible rating.” Zac Bissonnette, Blogging Stocks.
It’s time for the Special Committee to conclude this process. Keeping the company and its management team in limbo and at the mercy of Peltz and his minions for a year hasn’t been in anyone’s best interest, especially the shareholders. This management team knows it must deliver better results but they’re hamstrung to move forward until this special committee makes a decision. Wendy’s has made some important strides but they need the special committee process to conclude so that they can move forward.

By: guest

guest — Fri, 18 Apr 2008 19:41:03 +0000

McDonald’s only has two golden arches, while Wendy’s has Triarc. McDowell’s however had two golden arcs.

By: guest

guest — Fri, 18 Apr 2008 19:09:45 +0000

Wendys should be left alone. And they should get rid of the weird commecials and return to their homey roots.
I like to think that when I eat a Wendys burger it’s coming straight from some pure place in the heartland, and without irony or the greasy fingers of some hipster ad firm in Portland or wherever oozing their creativity all over my meal.
Nor we need them being bought out buy someone who can barely manage Arbys. Why is people always think they can do better with two penises and they don’t even know how to masterbate with one.

By: guest

guest — Fri, 18 Apr 2008 18:42:41 +0000

@9:43, this site could use more writers like you. Please submit resume to assume the position that will soon be formerly held by EP. Please note, I refer to the writing position….not on your knees in front of Carney (which is apparently how she got on DB in the first place.)

By: guest

guest — Fri, 18 Apr 2008 18:03:36 +0000

I love you, Patty.

By: guest

guest — Fri, 18 Apr 2008 16:58:27 +0000

@ 9:43, this site could use more guests like you.

By: guest

guest — Fri, 18 Apr 2008 14:45:16 +0000

can we get a new font please! this is borderline unreadable.

By: guest

guest — Fri, 18 Apr 2008 14:43:53 +0000

My friend Patty was beefing about Wendy’s the other day. She thinks the board should be grilled. It toasts her buns to think that the company could be in a pickle.

By: guest

guest — Fri, 18 Apr 2008 14:21:05 +0000

“However, before any transaction is considered, shareholders should be fully updated on the current financial condition of the company–including sales, profits and margins. ”
Nice find EP.