Yum Brands (YUM) may be best known for its early success in China with its KFC brand but over the past few years it has struggled and now comes word that Yum will split its China business off from the rest of the company. TheStreet’s Action Alerts PLUS Portfolio Manager and host of CNBC’s ‘Mad Money’ Jim Cramer said while China’s KFC units may be going through a challenging time, ‘the long-term story is still in tact because they need more KFC’s in China.’ But Cramer cautions this may not be the time to buy the shares, ‘Do you want to own it here? I think this was done too much at the point of a gun…if the stock goes back to $70 a share, I’d take a look at it. Cramer’s biggest concern for Yum: earnings flow. He said, ‘I like companies with consistent earnings. Right now, Yum doesn’t have that, so I’mm not as intrigued as the market seems to be.’
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
