Heard at Yum Brands' (YUM) Investor Meeting: 1) The pep rally kicks off with a focus that...
Thursday, December 6, 2012, 9:03 AM ETHeard at Yum Brands' (YUM) Investor Meeting: 1) The pep rally kicks off with a focus that profits are still growing at a double-digit pace. 2) China still paced by KFC, which accounts for 85% of growth. The goal is to broaden out to inland lower-tier locations and hit 30K restaurants by 2020. 3) India is a place the company wants to be as it's "just getting started" and expects billion-dollar profits eventually. 4) In U.S., growth is "alive and well" with Taco Bell a focus. 5) By the company's math, YUM shares are worth $85 a share. "Mr. Market is missing it." (webcast)
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