I’m so glad I set up a Google News alert for Taco Bell:
March 9 (Reuters) – UBS upgraded the shares of Yum Brands Inc (YUM.N) to “buy” from “neutral,” and said it sees an “acceleration” in the Pizza Hut-owner’s refranchising and global expansion initiatives….
Yum Brands, which also owns the KFC and Taco Bell chains, is a dominant player in international markets, but has been struggling in the United States as factors such as high unemployment have dented demand.
Not to make light of the economic climate, but I’m actually a bit surprised that high unemployment would dent demand.
But putting that aside, I like the sound of “global expansion initiatives.” Demolition Man appears more prescient every single day: