Cheryl Bachelder, CEO of the company that owns Popeyes restuarants, is a case in point. When the talking heads were crowing about an economic turnaround last April, Bachelder told me the economy was still stuck. This week’s news on housing, which took the Dow Jones Industrial Average below 10,000, is a pretty good sign that Bachelder was right.
Bachelder has been executing a strategic plan based on a more realistic view of the U.S. economy, generating an impressive string of quarterly financial results. Just goes to show that pessimism, when properly, placed is really optimism.