Today, we learn that Stanley Ma will leave his CEO position at MTY Food Group in november. However, he will retain his role as the chairman of the board. So, he's gonna be like Alain Bouchard for Couche-Tard.
The market didn't seem to like that news because MTY was down 3% today, close to it's lowest level for the last 52 weeks.
For me, MTY is one of the very few stocks that could be a big part of someone's portfolio. I see very little risk there. There's a lot of diversity among all the franchises of MTY. The company is very solid. It's growth has been steady and high. That company has everything I'm looking for. Even if they'd get a scandal like Chipotle Mexican Grill, it would probably be limited to a specific franchise among all they own.
So, in my view, it's an occasion, just like when Warren Buffett will die.