Tim Hortons for sale?! WTF?
 

Someone was tellin' me this morning they heard on the news that Tim Horton's was for sale. Seems Wendy's is lookin' to unload the entire franchise.

Anyone else heard anything about it?

damn it....we sell off everything that is good

Canadian coffee and doughnut chain Tim Hortons Inc., which is owned by Dublin, Ohio-based Wendy's International Inc., has filed paperwork estimating it will offer 29 million shares in a price range of $18 to $20 a share in its initial public offering. Wendy's will continue to own about 85 percent, or about 160 million shares, of Tim Hortons' common stock after the IPO, according to a filing with the Securities and Exchange Commission. Wendy's intends to spin off the remaining stake to its shareholders within nine to 18 months after the IPO, which is expected in March, according to the filing. Under the $20 share-price estimate, the IPO could raise $580 million. Including the shares Wendy's will retain, Hortons would have a market capitalization of as much as $3.8 billion.

What is Tim Horton's?

edit: Ok never mind.

Havent heard anything but seems a bit unbelievable as the franchise is CRAZY profitable. I know people who own one or two and are on easy street.

I read that earlier also. But that's all I could find.

Yup going to grab as much as possible as fast as possible.

Only in Canada.

That was my reaction, too.

If Wendy's does intend to sell their majority stake, I'd hope Crispy Cremes takes over. Think of that lethal combination - Crispy Creme donuts and Tim Hortons coffee.

Canada would outweigh the U.S. in no time!

Hortons is Canada's Starbucks ?
I tried some when i was last in Windsor Ontario to be honest it tasted bad, but then what do i know !

I used to have lunch and breakfast there when I was in Canada.....

they own around 200 outlets in the states as well:thumbsup

Generally it's very good, fresh coffee... English Toffee cappucino is the best, or the Double Double (double cream, double sugar).

I don't care for the donuts much but they do carry some other excellent items.

They probably have 200 outlets in Downtown Toronto alone, lol.
WG

can't wait till this comes through...I am going to get a ton of it

I'm a Tim's addict so I'll have to get me some of that stock! :)

(just won a coffee on RRRRoll up the Rim to Win)

for a $1.25, there is no better tasting coffee.

Dunkin Donuts and all those other crap places have nothing on Timmy's

Coffee and donughts are cheap to make and high markup items.

What are their hard costs on a pot of coffee? How many servings is that?

People who got on the coffee bandwagon early are geniuses and clairvoyants.

Free Timmy!

they are splitting it away from wendy's stock because wendy's is doing poorly and holding the profitability of tim hortons down.

Fuck it Tim Hortons is assy...shoulda stayed in Canada.

I'd say they're as popular in Canada as Starbucks is in the States, but Tim Horton's doesn't charge the outlandish prices like Starbucks...and they don't have a gazillion different designer coffees.

Tim Horton's is the Blue Collar version of StarBucks.
It's untouchable outside of the main cities like Toronto and started by legendary hockey player Tim Horton (played for the Maple Leafs way back).
The coffee chain was also mimicked in Wayne's World (Mike Meyers is a Toronto native).

There, some 411 you didn't need to know.
:)

Tim Hortons has excellent coffee and capuccino, too bad they aren't in the US as well.

Does anyone know where you can buy this stock yet? My financial advisor told me that it would only be available thru some mutual fund companies? I don't know if he's full of shit or not?

DH

I recall hearing Myers say in an interview that although the 'Stan Mikita Coffee Shop' from the movie was somewhat of a Tim Horton's reference, he actually hung out at a Donut World in Scarborough while growing up. If memory serves, it may have been the one at Pharmacy/Ellesmere, although I may be wrong.

its been taken over by

waffels and chickens fransize :)