Quote:
Originally Posted by tonyscag9
Is it better than Chickfila? I doubt it
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I tried unsuccessfully to get a Popeye's sandwich on Tues in RR and was told that they would have them again on Thursday morning. They said to come early as they will again quickly sell out with the "limited number" of sandwiches that they will receive. Most likely I will miss out as I have and "appointment" on Thursday that will keep me busy.
Oh well, CFA is close by and they have plenty of both their original and spicy chicken sandwiches.
On the other hand, Jim Cramer compared both the sandwiches and company's business practices on Monday afternoon's
Mad Money show.
Cramer liked the Popeye's sandwich but said the best way to play this trend was to buy Tyson's Chicken Stock since CFA is a privately held company and Popeye's is a small portion of a larger food conglomerate, Restaurant Brands (QSR).
Here is link to Cramer's Summary:
https://www.thestreet.com/jim-cramer...ug-26-15068181
"The Chicken Sandwich Wars"
The chicken sandwich wars have begun on Twitter (TWTR - Get Report) and social media, Cramer proclaimed to viewers. It's Chick-fil-A versus the upstart Popeye's Louisiana Kitchen and just about everyone is praising Popeye's for their first-ever chicken sandwich.
Long lines out the door is typically great news for investors, but in this case, Chick-fil-A is privately held and Popeye's is now just one of many brands housed inside Restaurant Brands (QSR - Get Report) . In fact Popeye's accounts for just 12% of sales at Restaurant Brands, and while Cramer said he's not against owning the stock, investors should not invest for Popeye's.
But there is a hidden way to play the chicken wars and that's with Tyson Foods (TSN - Get Report) , which derives 30% of its sales from chicken and 88% of sales from the domestic U.S. market. Trading at just 13 times earnings, with shares up 70% for the year, Cramer said he's a buyer of Tyson Foods.