RestauranT BRANDS Rated Buy Sept 4, 2022

Restaurant Brands, the franchiser of Tim Hortons, Burger King, Popeyes and Firehouse Subs returns to our list rated Buy at U.S. $59.25 or CAN $77.83. Its income comes mostly from franchise fees to its almost 30,000 locations and from selling the coffee and other items to the Tim Hortons franchisees. With a P/E of 20 and with good growth prospects under its ambitious management the valuation is fair. Higher interest rate are a head wind for all stocks and so a reasonable approach might be to take a small position and monitor earnings results as well as the stock price. The analysis here is in U.S. dollars because it reports in U.S. currency. The dividend (yield is 3.6%) is paid in U.S. dollars but does qualify for the Canadian dividend tax credit. Canadian investors should buy it on the Toronto stock exchange. 

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