I did something I've never really done - research. I downloaded the app (currently ranked 22nd in food and drink in the App Store and created an account. I decided to check out a couple of Wendy's within a few miles of me and see if it is trash or treasure. First location is in a great location - near a bunch of businesses with good signage. I arrived at 11:41am and walked inside for a frosty. The place was clean, workers seemed busy, and the frosty was good (chocolate). I counted 4 people inside. I got a frosty and went back to my car to count the amount of vehicles going into the drive thru and walking inside. I left at 12:23pm and counted 35 cars with 18 people walking inside. One car left because the line was too long at one point. I should also note that I could not see if people parked on the other side and walked in but my guess would be. a few people at a minimum. Chocolate Frosty I then went to another location and arrived at 12:35pm. This location is more residential and not as nice. The building next to it used to be a restaurant but closed down years ago and it has remained vacant since. I walked in and saw 6 people sitting inside enjoying some food. I got some fries - they were hot. I went back to my car to do the same thing and count. I counted 11 vehicles for the drive thru and 2 people walked in. I left at 12:53pm. https://preview.redd.it/hdri7j1hwn9h1.jpg?width=480&format=pjpg&auto=webp&s=8e637b520f32cd3de42b86178702e774b28e599b Overall both places seemed fairly busy, but I have no way of telling if this is normal or increased traffic since Wendy's has been getting some media attention. I do however believe that they will beat next earnings. I think a bunch of regards from reddit are going to buy what they invest in. Some things I'd change about Wendy's: Bring back the yellow cups - nostalgia is powerful and should be used. Their app is pretty garbage. Certain things wouldn't load and compared to the McDonalds and BK app - Wendy's doesn't really have meal deals listed. Do something crazy like partner with RH and give extra benefits to shareholders. Things I like: The dividend - about 7% The fact that the land they have is valued at around 900M. Not bad for a 1.5B stock. The turnaround story - former CEO of Potbelly's which was acquired by Racetrack. Near 52 week lows still. Position: Position I'm basically all in, just have a little cash leftover that I will use to buy more. Regards.   submitted by   /u/foundmemory [link]   [comments]