NEW YORK ( TheStreet) -- Back in July, shortly after Yum! Brands (YUM - Get Report) reported its second-quarter earnings results, I argued that the stock -- at the time trading around $72 per share -- would not go higher than $75. Yum! investors disagreed.Fast-forward three months later: Shares are trading right around where they were in July. Before we continue, I need to make it clear that this is not -- by any means -- a bearish thesis on Yum!. In fact, on more than one occasion, I've come to the company's defense, commending its management team for taking appropriate action to address not only the scandal involving two suppliers to the company's KFC restaurants, but also ensuring consumers that the chickens (if cooked properly) were safe to eat.
The Worst Is Over for Yum! Brands
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