Wendy's ( WEN ) has been a bit of a head-scratcher for many investors lately, myself included. It became a surprisingly large portion of my personal portfolio, not by design, but as a "victim" of my dollar-cost averaging strategy. This strategy is less about fixed timelines and more about buying into standard deviation declines, aiming to scoop up shares when they look statistically "cheap." But the market’s sentiment towards Wendy's has been cold, pushing its valuation multiples to levels that make you wonder: are other investors losing interest, optimism, or are they, like me, simply harvesting some losses for future tax planning? The Dividend Cut and the Tax Loss Harvest For a long time, I viewed Wendy's primarily as a dividend play. Its steady quarterly payouts, often qualifying for favorable tax treatment, made it an attractive holding, especially in my lower income bracket where qualified income matters. However, even this reliable aspect faced a...
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