I found the beef

Ok Wendy's..... WEN recently acquired Arby's from Triarc (was under TRY).

470 million shares out, combined earnings of the 2 companies is about 12.1 billion,

earnings per share of .... 25 dollars per share.

current share price of .....4 dollars

price to earnings (my projection) .... (0.16)

Industry Avg price to earnings .......ABOUT 10 ...... so we are looking at a 250 dollar stock price when the market realizes that a mistake has been made.

How did this happen? TRY did the following: converted all class b's into class A's. Then all owners of Wendy's received 4.25 shares of TRY for every share of WEN (ie TRY was assimilated with only one stock remaining)

Oh, and they pay a dividend with a yield of 12%.

So..... if I miscalculated........ go ahead and assume a 90% margin of safety. You are still paying 4 dollars for 25 dollars.

And they pay you to find out.