Inspire Brands just acquired piece of shit burger chain, Sonic, for $2.3b, which amounts of ~3x sales.
Here is the revenue run on SONC.
Now at about 5.2x sales, SHAK is doing this.
Both companies do $116m per qt in sales, but one is growing at 30% per annum and the other shrinking by 15%. You tell me what SHAK is worth if SONC deserves a multiple of 3x?
Long SHAK.
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They opened a SHAK in Denver here a few months back. I must say, it is really good, fast, and reasonably priced. I like this one.
Of all the places to add to your portfolio…I don’t know of anyone who would care one bit if Sonic ceased to exist.
Wouldn’t feed Sonc to my neighbor’s dog.