No doubt, Jollibee is a great company and I would like to own it. But there is one thing that keeps me from buying this wonderful company. I think the present management has been pampering themselves with lucrative stock options, and it does not give any value to the shareholders. Also, the net profit from last year is also not that impressive while the stock jumps aggressively.
For me, I would wait for this company to be undervalued or perhaps wait until the management gets rid of the stock option plans or perhaps we go into another recession. But until that happens, I'll take my money elsewhere.
Or use the money to buy the franchise and actually own a store.
No comments:
Post a Comment