Big King Value Meal Comes to the NYSE

That Weird-Assed King commands you to buy some BKC. I think this Burger King IPO would have been even hotter if there wasn't so much talk of interest rate jitters in the broader market.

The initial public offering of 25 million shares, which represents a 19 percent stake in the company, was worth about $425 million.

The shares rose 50 cents, or 2.9 percent, to $17.50, trimming earlier gains of up to 7 percent as broader market gauges slipped for the sixth time in the last seven sessions.

I did some quick calulations and if Burger King at least reaches the market value for Wendys the number 3 burger chain, the stock should be worth quite a bit more then the IPO price of $17.50. BKC seems kind of attractive according to this article:

Burger King has logged eight consecutive quarters of same-store sales growth in the U.S. For the nine months ended March 31, its total revenue rose 5% to $1.5 billion, and its net income declined 18% from a year earlier to $37 million. The company attributed the drop on its bottom line to the dividend payment, other payments made to senior management, a $14 million loss recorded on the early extinguishment of debt and increased income tax expense.

The sale of 25 million shares makes up roughly 19% of Burger King's overall shares, putting its value at about $2.25 billion. McDonald's has a market value of about $43 billion, while Wendy's is worth about $7 billion.

Weird-assed King Commands you to Buy, Buy!