Tim Horton’s IPO
I might buy the stock if I can get my hands on a few. The chance is slim to none. I think the first day will see alot of pin action and the price will skyrocket with demand. Everyone wants a piece. I would not hold this stock as a longterm play. I read this the other day, right from the co-founder…
“I’ve always believed Canada eventually will be saturated,” Joyce said. “The future opportunities in the United States are tremendous, but that is a very competitive market.”
I don’t think Tim Horton’s has what it takes to break into the US market. Here is another interesting quote.
Tim Hortons now has 2,600 stores in Canada and 290 in 10 U.S. states, mostly in the Northeast. The company now has plans to increase the store count to 4,000 in Canada and 500 in the United States.
I smell saturated Donuts ;)