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Wendy’s: Good food, bad investment (access required)

Dear Mr. Berko: Please give me your opinion on Wendy’s. Our Old Folks Investment Club has been advised to buy 1,900 shares of Wendy’s. Our broker believes the stock is underpriced and that it should sell between $10 and $12 in the coming 12 months. The club members are primarily McDonald’s people, so nine of us decided ...

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