Wendy's receives $1.4B buyout offer from investor Nelson Peltz

I really want to dive deep into this report that billionaire investor Nelson Peltz has offered $1.4 billion to buy ailing Wendy's.

Peltz knows Wendy's well, having sat on the board for years while also being a major investor. I mean, he's just eaten up Wendy's stock over the course of many years.

Unleash has been all over this downfall of Wendy's.

From poor food quality to broken machines in the stores, to one of its largest franchisees declaring bankruptcy and aiming to close a lot of restaurants. This has been a hot from the grill mess.

Awful. I have even critiqued why this company continues to sell breakfast. It's an Egg McMuffin world. There's no need for Wendy's to be selling breakfast.

Now, unfortunately, it's Fed rate decision day and tech traders hot again, ahead of Google and Microsoft earnings, so I can't spend a ton of time on Wendy's, cry cry cry, but I will say these two things as I move it along.

One, Peltz would be buying a dumpster fire at Wendy's. Six straight quarters of declining same store sales. That is abysmal, even in the context of the fast food industry being under major major pressure. McDonald's ain't lineing it up.

I'll just leave it there. And number two, Peltz would be buying a dumpster fire he helped create by being on the board for eons.

If Peltz deserve praise, if he deserves praise for his push in years past to drive change via high profile activist campaigns at Disney and Procter and Gamble, he also should be brought down a peg or two for having a ringside seat to the downfall of one of America's most iconic fast food joints.

Can't be all sunshine and rainbows here. If we're going to be celebrating activist investors and what they do, you have to knock them down a peg when they don't get the job done. So, I don't think Peltz has got the job done here on Wendy's. Maybe he will get it done as a private company.