Friday, April 27, 2012

Chart of the Day - Tim Hortons (THI)

The "Chart of the Day" is Tim Hortons (THI), which showed up on Wednesday's Barchart "All-Time High" list. Tim Hortons on Wednesday posted a new all-time high of $55.42 and closed up 1.75%. TrendSpotter just turned Long again last Wednesday at $55.08. In recent news on the stock, company management on March 6 provided FY12 EPS guidance of $2.65-2.75 versus the consensus of $2.77. The company said it expects to open 100 stores in the U.S. in FY12 and 155-185 stores in Canada. Tim Hortons, with a market cap of $8.6 billion, is Canada's largest quick service restaurant chain and features coffee, fresh-baked goods, soups and sandwiches.

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