Yum! Brands (YUM) completed the spin off of its Chinese business, Yum China Holdings (YUMC), last fall. Although it’s only been a few months, ny now most people don’t remember that it took a very, very long time to get that point, including a lengthy will they or won’t they actually spin something off. Nudging the company along… Read More »
A few short hits to kick off a new week: Yum! Brands (YUM) decided to spin off its China business and shareholders have generally reacted pretty favorably. The WSJ walks through the potential value propositions of both companies, but one class of investors is decidedly less excited about the move: bondholders. Barron’s points out that the new parent… Read More »
The endless speculation regarding YUM! Brands (YUM) China spinoff rages on despite management saying it’s not currently in the cards. The most recent fuel added to the fire was a sudden management shakeup in China. Long time company veteran and Chinese expansion mastermind Sam Su is retiring from his position as Yum China’s CEO after 26 years of… Read More »
Yum! Brands (YUM) has been the subject of breakup talk for some time, with both sell-side analysts (and here) and big hedge funds calling for some type of split. The company has been struggling recently, especially in China, which usually tends to give the activists a bit more clout, but that doesn’t appear to be the case here. During… Read More »
YUM! Brands (YUM) has been getting a lot of attention recently and it seems lots of people have ideas on how the company can deliver more shareholder value. Earlier this year, Janney analyst Mark Kalikowsky argued for setting Taco Bell free in a bid to unlock value, given Taco Bell’s purely North American exposure. It hasn’t just been the sell side… Read More »
Janney analyst Mark Kalikowsky is quite bullish on Taco Bell and recently raised his same store estimates for Taco Bell by four (4) percentage points. More interesting for us here is the fact that Mr. Kalikowsky also reiterated his thoughts that the chain should be spun off from its more globally focused parent, Yum Brands (YUM), which itself… Read More »