< strong>TIM HORTONS $61.81 (Toronto symbol THI; TSINetwork Rating: Average) (905-845-6511; www.timhortons.com; Shares outstanding: 151.0 million; Market cap: $9.1 billion; Dividend yield: 1.7%) is testing a new dark roast blend of its coffee in London, Ontario, and Columbus, Ohio.
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For the past 49 years, the company has had huge success with its medium-roast coffee. However, many of its competitors now offer a variety. For example, Starbucks recently launched a lighter blend that is similar to Tim Hortons’ regular blend.
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If this test is successful, Tim Hortons could start selling the dark roast in all of its 4,300 stores in 2014.
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Tim Hortons is a buy.
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