Personal Thoughts - Tim Horton's IPO

With Tim Hortons filing for IPO, my thoughts are going through the numbers to see what is the price I would pay...looking at the numbers, $600 million, for 15-18% of the total shares (based on what I had seen on Hoovers). Based on the aggressive revenue growth figures (7%), and based on last years earnings and revenue, I figure the cutoff for my interest is (base IPO price) around $50, which would be a steal at that price...nothing has been published yet, but Canadian investors may treat this like a Google equivalent for fast food, but I don't think it will go up as quickly in the short term...stay tuned. Rumours of an income trust for Canada's leading "to go" coffee are out there too.