Recent Posts
- What is your policy?
- From restaurants to casinos
- Pop quiz: The week's events
- No optimism, just caution, at Darden
- More tips on smart purchasing
- Service at Outback
- Franchising's new disclosures
- Online influence, socially speaking
- Costly patios
- FDA expands tomato warning
Recent Comments
- SFF on What is your policy?
- me on McDonald's "gay support" issue
- mariposa on McDonald's "gay support" issue
- Jason on The one-item menu
- Paul Paz - WaitersWorld.com on Micatrotto: 'LIke a very large restaurant.'
Most Commented On
- Micatrotto: 'LIke a very large restaurant.' (27)
- McDonald's "gay support" issue (12)
- Same old, same old integrity (10)
- Max & Erma's, Part 2 (6)
- "Too good to be true" (5)
Archives
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- January 2006
Blog
Link This | Email this | Blog This | Comments (0)
Analysts: Stick with QSR
Restaurant analysts Jeff Bernstein of Lehman Brothers and Steve West of Stifel Nicolaus popped up on CNBC today, offering their take on restaurant stocks. They remain pessimistic on casual-dining, which shouldn't surprise anyone.
Bernstein, however, suggested there was a ray of hope given the sector's trough multiples, which may signal an "early uptick." The name he likes is Orlando-based Darden Restaurants. "It has the best fundamentals and lowest multiples," he added.
Otherwise, it was investing as usual, with Burger King and McDonald's as good bets. The analysts cite their large franchisee base, global reach and surging market share gains as reasons to own the stocks.
Earlier in May, UBS restaurant analyst David Palmer also showed up on CNBC discussing the same issues and sharing much the same opinion. Asked about rising ingredient costs, he predicted beef and chicken prices will rise in '09.
Analysts: Stick with QSR
May 14, 2008
Restaurant analysts Jeff Bernstein of Lehman Brothers and Steve West of Stifel Nicolaus popped up on CNBC today, offering their take on restaurant stocks. They remain pessimistic on casual-dining, which shouldn't surprise anyone. Bernstein, however, suggested there was a ray of hope given the sector's trough multiples, which may signal an "early uptick." The name he likes is Orlando-based Darden Restaurants. "It has the best fundamentals and lowest multiples," he added.
Otherwise, it was investing as usual, with Burger King and McDonald's as good bets. The analysts cite their large franchisee base, global reach and surging market share gains as reasons to own the stocks.
Earlier in May, UBS restaurant analyst David Palmer also showed up on CNBC discussing the same issues and sharing much the same opinion. Asked about rising ingredient costs, he predicted beef and chicken prices will rise in '09.
Posted by David Farkas on May 14, 2008 | Comments (0)
Advertisement
Advertisements


