The Wendy’s Company (NASDAQ:WEN) is one of the stocks Jim Cramer offered insights on. During the episode, a caller asked for Cramer’s take on the stock, and he replied:
“Too risky. Too risky. I mean, I can tolerate McDonald’s here. I actually like McDonald’s here at… Let me see, where’d it go out? I like McDonald’s at 302, and I really, I gotta tell you, I’m liking these, these kind of nice casuals like the, like the Darden and Texas Roadhouse, are down too much. They’re down too much. Limited downside here because all the bad news is now in after Darden.”
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The Wendy’s Company (NASDAQ:WEN) operates, develops, and franchises quick-service restaurants specializing in hamburgers. When a caller asked about the company’s stock in a July episode, Cramer replied:
“Look, other than the fact that my wife loves Wendy’s so much, it’s just ridiculous, I’m not liking the stock. I mean, you know, they cut the dividend already. The dividend now is 5%. There’s something very wrong at Wendy’s, and the answer is you do not want to touch it. That happens to be a very tough industry, the burger industry. You want to stay away from Wendy’s.”
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Disclosure: None. This article is originally published at Insider Monkey.