I need more SHAK in my life like I need a hole in my head. Since I’m fatalistic, I added to my position, which has dropped by 20% since the day I menaced short sellers that their day of reckoning had come. The earnings were so good, I was besides myself with joy, glee, and all of the idiot emotions that cause humans to behave badly.
In my defense, I didn’t put my balls where my mouth was, instead opting to wait until today to add to an already large and down position.
It’s important to note that the weakness in SHAK isn’t an isolated event. Aside from the fucking assholes at MCD, the restaurant sector is in the shitter now. It’s as if everyone has collectively lost their minds, sold out from all of the good restaurant stocks in favor of MCD.
I can’t even talk about it.
What am I looking for with SHAK, going forward?
Greatness, on an extreme scale. My downside is $28, with a long term upside of $125. The company intends to build out to 400 eateries, from the 90 or so they have now. This is a fast growing company with great brand awareness. I love buying great companies after they’ve been cast aside for the animals to pick away at.
Even still, the stock has been a huge, flaming, bag of shit on my front door.
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Reads like analyst voodoo except for the bag of shit part.
Maybe the DOJ can get involved in consumers burger choices? I like your conviction here. Reminds me in a small way of FTK. Which was the greatest conviction story I’ve ever read. Loved those days.
You will be rewarded. Takes the whales a while to exit their CMG positions at ridiculous profits and cycle into the Shak.
Until I read the last line, I was going to say that you could give SHAK to Mrs Fly as a Christmas present.
I’m sure there’s a chef somewhere that can take a bag of poop and make it taste like the world’s best creme brulee. All we need is some Christmas magic (am I allowed to say that on this blog) and some analysts to push it hard to clients.
Dr. Fly, would you be apt to adding after any secondary offerings in SHAK? I only ask as I know you have stated previously on the site you expect a secondary to happen.
Are you worried about a secondary at all? $SHAK seems to be about the age where management likes to throw that out there.