Jim Cramer on Wendy’s: “I Can’t Guarantee Any Numbers From That Company”

The Wendy’s Company (NASDAQ:WEN) is one of the stocks in Jim Cramer’s game plan for this week. During the episode, Cramer showed skepticism about the company. He commented:

“Finally, on Friday, we hear from the bedraggled Wendy’s. Now, last time we got weak numbers and a dividend cut. Could it get worse? I gotta tell you, the competition in that business is so rife, I can’t guarantee any numbers from that company.”

Jim Cramer on Wendy's: "I Can’t Guarantee Any Numbers From That Company"

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Wendy’s (NASDAQ:WEN) operates, develops, and franchises quick-service restaurants focused on hamburgers, and also manages a portfolio of owned and leased real estate properties. A caller inquired about the company stock during the July 16 episode, and Cramer said:

“Look, other than the fact that my wife loves Wendy’s so much, it’s just ridiculous, I’m not liking the stock. I mean, you know, they cut the dividend already. The dividend now is 5%. There’s something very wrong at Wendy’s, and the answer is you do not want to touch it. That happens to be a very tough industry, the burger industry. You want to stay away from Wendy’s.”

While we acknowledge the risk and potential of WEN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WEN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.