Yum! Brands (YUM) Is A Good “Asset Light” Company Without Pizza Hut, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed Including His Palantir Deep Dive. Yum! Brands, Inc. (NYSE:YUM) is one of the stocks Jim Cramer recently discussed.

Yum! Brands, Inc. (NYSE:YUM) made a major announcement yesterday when it revealed that it was considering “additional action” which was “outside of Yum! Brands” when it came to popular pizza chain, Pizza Hut. The firm’s CEO, Chris Turner, discussed the decision during the firm’s third-quarter earnings call. Cramer commented that he had been waiting for the announcement given the troubles in the pizza industry:

“Yeah look I think there’s something that I’ve been waiting for some time. New CEO, Chris Turner, comes in at YUM and says, you know what, enough with Pizza Hut. It’s just too hard a category. Too difficult to turn. Let’s have some sort of, let’s explore, they’re gonna explore, basically they’re offloading it, strategic announcement. In the meantime, Taco Bell continues to generate great numbers, they have 7% same store sales, KFC, 3%. But what you’re left with, away from Pizza Hut is a very good asset light company where Taco Bell has been a leader in terms of social media, advertising. They do a great job. And I think that you have a new CEO that’s why you can buy the bullet.

“But this now asset light, with Taco Bell being a great company, not bad.”

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