So Tim Horton’s (THI) finally gets some Wallstrip love.
Tim Horton’s is probably one of the biggest North American Fast Fod chains you have never heard of. You will.
Tim Horton’s proves that donuts are still big money and the whole anti carb craze is hooey. They also prove that management matters. Krispy Kreme (KKD) hit another all-time low yesterday.
Tim Horton’s is a sense of national pride for us Canadians. They are everywhere north of the border.
I am sticking with Chipotle’s and Starbucks as my exposure to restaurants in my portfolio’s, but Tim Horton’s is an interesting growth opportunity. We are not so different here in the US from Canada. Obviously, a revived Dunkin’ Donuts will make for tougher sledding south of the border for little Timmy.
Here is an important point in trend investing…context is important. If you are convinced that Tim Horton’s can make it in the United States, the potential is unbelievable and the growth story very much intact. I don’t have a feel for their product and the American landscape is cluttered with big players. I will stick to a story I have a better context for growth. I can’t own every great leader.
Brian weighs in on the technical picture:
Disclosure – Long SBUX and CMG