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Yum! Brands (NYSE:YUM): Current Price $67.90
After warning that same-store sales will drop more than originally forecast because of continuing chicken contamination issues, shares of the fast food restaurant company fell 4.8 percent in pre-market trading on Tuesday. Yum! said in filing with the Securities and Exchange Commission that because of adverse publicity resulting from a government review of its Chinese poultry supply and corresponding low sales at KFC locations in China, sales in its China division are expected to be down 6 percent in the fourth quarter, compared to an earlier prediction for a 4 percent decrease. However, according to Jim Cramer’s researcher Nicole Urken, the company’s near-term volatility is a long-term opportunity.
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