McDonald’s Business Model Ten Times Better than Hardee’s?
In late February, THL Partners agreed to take CKE Restaurants (CKR) private in a transaction worth $694 million. CKE operates both Hardees and Carl’s Jr Restaurants. As you can see from the chart below, CKE operates about 3100 locations whereas McDonalds (MCD) operates nearly 32,000. My first impression of the CKE deal was, “Wow, that […]
