I’m like the Hamburglar from the 80’s, only for SHAK. I know the stock is expensive, trading over 13x sales. For a restaurant stock, it’s fucking expensive as shit. But, I’m a huge fan of restauranteur Danny Meyer and love his vision with Shake Shack. Many of you will disagree with my boldness in SHAK, on a multitude of reasons. Let me be clear, I am not immune to the dangers of earnings. One slip and SHAK is in the 20’s, where I will take the role of a Victorian gambler and execute a martingale trade.
Some thoughts heading into the close, ahead of earnings.
Sixty four percent of the shares are sold short.
BEWARE of another secondary offering.
Co raised guidance last qt to $171-174 mill for year. Look for that number to rise. The street is at $180 mill.
For this quarter, consensus is for a profit of 7 cents with revenues of $47.2 mill.
I think anything north of $52 mill in sales for the quarter and guidance above $180 mill will make the stock spike $10. Like I said, if they miss, elevator cables will be cut and the stock smashed to pieces.
Happy Trading!
All the beef talk earlier this week makes me wonder if SHAK uses grass fed?
the Fazmobile drove into another 52 week low
trump:
Janet Yellen Is Not Raising Rates Because Obama Told Her Not To
I said that a year ago. His hands are on the stock market button
also
Trump = Capt. Obvious
Did anybody really think Obama wasn’t going out on top? He’s the guy who saved you from a crash, he got you out of the majority of wars, he gave you healthcare..etc etc
……..so they could implement other-other agendas
….while creating even if inadvertant future crash conditions
..good job