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.Comments »