It's good to be the king. Shares of the fast food chain hit a record this week after the company announced its plan to move north of the border by merging with the venerable Canadian restaurant behemoth Tim Horton's that's known for its coffee and doughnuts.
Although these kinds of so-called inversion deals have come under fire from Washington for dodging U.S. taxes, investors aren't necessarily a patriotic bunch when it comes to making money. Burger King (BKW) spiked 11% this week on the news and is up 54% in the last year.
