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 »
Sometimes there is just no stopping an idea full of momentum. After years of a spinoff idea being tossed around and pushed by all parts of Wall Street (sell side and buy side), Yum! Brands (YUM) has finally decided to pull the trigger and will spin off its China business into a standalone entity. While resistance appeared to… 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 »
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 »