That's what they are selling in the IPO. At $21 a share the company will be valued at 740 million. The rest of the shares are held by insiders. Look it up. That $740 million market cap has been quoted in virtually every article on the pricing that is out there.
One other correction. That $82 mill was for the first three qtrs of last year. So over $100 mill per year. And supposedly domestic stores do way better than overseas (probably because most are in New York). Don't want to lead anybody astray.
Well just comparing Shake Shak to Portillo's and Habit, it's way way overpriced. Habit is up to 99 restaurants with projected reveune of 169 mill. It's market cap is $270 mill. Portillo's has 38 locations and revenues over $300 million and it was bought by Berkshire for $1 Billion. Shake Shack has 63 restaurants with revenues of 82 mill and with a strategy of conservative growth. At $21 it would have a market cap of 750 mill. If this traded at say $35, then it's market cap would be $1.5 bill. That's crazy. Portillo's has higher margins and almost 4 times total revenues and per restaurant revenues 6 times higher! With comparables. this thing is way way overpriced.
Now having said all that, i still think this trades higher tomorrow. Too much hype and its a New York based restaurant. This very well could explode into the 30's.
Ok, stock hit $12.50. Bidding for cheap March upside calls. They won't decay much. March is an earnings cycle so come earnings, those upside calls should still be bid. Safe way to take a shot. Would love to get the 14's for .35 and the 15's for .20.
WB is starting to get interesting to me now. market cap of 2.6 bill. Twitter has a market cap of 25 bill. WB closesly held by SINA and BABA. I bought small last month and have been waiting for this thing to bottom before adding and building a decent sized position. WB stock has been extremely weak. Worst of the chinese internets related stocks. BABA relationship is big though and they have been buyers of WB stock. Short interest is big. I expect to see some short covering going into earnings. Waiting for now.
Just double checked. BABA increased their ownership from 18% to 30% at 15% below the ipo price of $17. That equates to $14.45. So you have a massive buy this year from an insider who has the best possible information at a price above where its currently trading.
Nope. BABA would step in and just buy them. Remember they exercised their option to buy more WB from SINA. That was done this year so they are recent buyers. They wanted more but SINA wanted majority control since their portal business has been going straight down the tubes. The IPO price was at $17 but BABA was buying at a discount. (In the neighborhood of 15% to 20%) Right now we are at 22.5% below the IPO price. WB is technically extremely weak after hitting consecutive new lows so we very well may continue to fall but i suspect we are close to a bottom. Not adding any until we turn back up.
I have that for the rest of my ARWR. Just wanted to grab some cash to allocate elsewhere. If this thing keeps running, i'll still be very happy.
I sold what i had at $9 at $9.22. The rest i keep. Maybe the wrong thing to do but hey, taking a profit when the rest of the market is getting clobbered is never bad.
I was long from just above $9 and was not happy when the stock got clobbered back in the fall. Turned out to be a good thing as i added a bunch at $5.70. Who knew?
None. No turnaround at all. I am long this from $15. If this was a normal stock, i would heve dumped and gone short because the price action is horrific. But for me, WB is an absolute no short ever. Too low of float and closely held by insiders. That's a recipe for disaster. Very very easy stock to push around. One big fund could shotgun this stock right back up in an instant. I don't want to add so i'll just sit here and wait.
It's a rumor. You choose whether or not to believe it. If you thought it was BS then you should have shorted it. And guess what, the rumors actually had some substance to it since Gilead was in talks with a biotech firm, it just happened not to be ARWR.
And DCIX has fallen from 2.36 to 1.89 in the past two weeks. DSX actually marginally up. And DSX had tax loss selling too. I'll admit that DCIX looks good down here. Time to ride them both up.
DRYS is dry bulk but it also has large oil tankers. Tanker rates have shot up because places like China are storing oil and need tankers. Also, DRYS always had the negative of constant dilutions but they just had a secondary in October so that threat is off the board.
It would have to be BABA. Two weeks ago I was long SINA and sold half of it and rolled it into WB. Not a good move. Fortunately i added WB at $14.11 and then dumped the add at $15.50 on friday. My original thinking was that BABA would start adding WB since it had fallen well below the offering price. Given where SINA is trading, probably makes more sense to just buy SINA. More than likely its just technical trading since volume in both has been very light. SINA bouncing off lows and WB trending down based off end of year tax loss selling.
I actually did the same thing except that i bought DRYS at 79 cents. Not a fan of DRYS but thought it was very oversold considering that their massive secondary was priced decently higher. Out now too. BTU should start to rally into the New Year. Still surprised that this has gotten smacked today (not that it sold off but by the magnitude)