Tim Hortons goes Live today

This morning Tim Horton’s stock will begin trading on the NYSE and the TSE under the symbol: THI.

Click here for a stock update for prices etc once the markets have opened.

Initially they were going to begin their IPO with a price of $21 – $23 per share but yesterday settled for $27, the upper end of their range.

“In 2005, Tim Horton’s earned a profit of $191.1 million on sales of $1.48 billion.” I want to ask where the rest of the money went. After making almost 1 and a half billion dollars they only had profit of less than 200 million? Maybe they’re involved in secret defense funding?

Another fact? There are apparently more Tim Horton’s in Canada than McDonald’s. Go figure.

Oh, and according to reports the Tim Horton’s in Afghanistan has not yet opened up, but is expected to “after weeks of persistent request from Canadian soldiers stationed” there. (1)

2 Comments so far

  1. Hubert (unregistered) on March 24th, 2006 @ 9:49 am

    Look Tim Holton finally go on stock exchange, ho yeah, hopefully they go into US and kick starbuck ass.

  2. swoononeone (unregistered) on March 24th, 2006 @ 12:17 pm

    Talk about a hype machine. The Tim Horton’s IPO is up about 40% today. Wow. If you were lucky enough to grab this one for close to the opening value good for you but this looks a bit too HOT to for me to handle. I suspect the Tim cup will cool off by the end of the week and maybe I’ll look at again with fresh eyes.

    In any case Wendy’s Corporate hacks were smart to break Timmie’s out both on the TSX and in the US. CASH CASH CASH!

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