I think Popeyes has a great brand, CEO has done an excellent job, I get BK/ RBI & 3G wanting to increase shareholder value but that is a ridiculous amount to pay anyway you look at it if I am reading correctly based on that book value more than 40 times cash flow probably 3 times more what these types of public companies go for. Why not preserve your capital and pick up brands like this when the market is soft or out of favor. I.E. as Tilman Fertitta did.
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