Tim Hortons focuses on expansion

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL INC. $59 (Toronto symbol QSR; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 460.9 million; Market cap: $27.2 billion; Price-to-sales ratio: 3.4; Dividend yield: 1.4%; TSINetwork Rating: Average; www.rbi.com) recently agreed to form a 50/50 joint venture with an unnamed investor in the U.K. to open Tim Hortons coffee-and-donut stores in England, Scotland and Wales. The company has yet to announce how soon or how many stores it will open. Tim Hortons now has outlets in Canada, the U.S. and the Middle East. In July, it formed another 50/50 joint venture with a group of private investors in the Philippines. This firm plans to sell Tim Hortons franchises in that southeast Asian country of more than 100 million people. Restaurant Brands is a hold. hold…