Hi KJ
i previously posted an analysis of RBD, I haven't had time to update it with the latest figures, will post here when I do. The previous analysis is here:
http://gregnz.wordpress.com/2010/12/...brands-part-2/
Essentially it sees little to no growth, a reduction in capital expenditure and an ongoing free-cash-flow of around $21 million, which gives me a stock price of $3.59.
I also think that this is a relatively conservative estimate, with no factoring of improved sales due to the KFC refurbishment program.
something to think about!
cheers
Greg